Credit research company Tokyo Shoko Research (TSR) reported on Thursday that anime studio Production IMS filed for bankruptcy in a Tokyo district court on September 21, and the studio received approval to start the bankruptcy proceedings on October 3.
Later in December, animator Teru Miyazaki posted but deleted a complaint on Twitter that an anime studio he implied was Production IMS was not paying its animators.
The studio received a Studio Award in Newtype Anime Awards 2015-2016.