The insolvent Animation Studio Artland Inc. was forced to declare bankruptcy.
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 percent of its stock to restructure the company, but that never happened.
The studio did the TV anime version of Senran Kagura and most recently did the spring 2017 series Seven Mortal Sins.
Animation Studio Artland Inc. has filed for bankruptcy.