Visual effects company Picture Element formally began bankruptcy proceedings on September 18 through the Tokyo District Court.
Picture Element was founded in September 2011, and the studio worked on visual effects and CG for various film and television projects.
More recently, it worked on such films as Dragon Quest Your Story, and the live-action Kingdom and Archimedes no Taisen films.
The company owes 194 million yen (about US$1.80 million) to 64 creditors.
→ Full news story
You must be logged in to post a comment.
Want to submit Anime content?
Animefice covers the latest Anime news.
Gamefice covers the latest Game news.
Screenfice covers the latest Film & TV news.
The Artifice is a long-form writing platform that covers a wide spectrum of art forms.