Animation Studio Artland Inc. has filed for bankruptcy. The studio did the TV anime version of Senran Kagura and most recently did the spring 2017 series The 7 Deadly Sins.
According to website Teikoku Databank, the studio is 298 million yen ($2.62 million in debt). The studio shut down on June 30.
Artland was originally founded in 1978 and did co-production work on Super Dimension Fortress Macross and Legend of the Galactic Heroes. However, it’s probably best known for the TV anime Mushishi. You can watch the trailer for its last series, The 7 Deadly Sins.
In 2005, Artland became a subsidiary of Marvelous Entertainment. The animation division was later split off into another company known as Animation Studio Artland Inc.
The studio had racked up deficits and was hoping that a Chinese animation studio would acquire 51 per cent of its stock to restructure the company, but that never happened. The insolvent Animation Studio Artland Inc. was forced to declare bankruptcy.