Game developer and animation production company Ixtl announced on Monday that media company Avex Pictures acquired a 90% controlling stake in Ixtl, and that Ixtl has become a subsidiary of Avex Pictures.
Avex Pictures bought out the stake of the latter two companies, as well as most of the company stake that Nakanishi held.
The announcement states that Avex Pictures acquired Ixtl in order to advance in the video game industry.
Avex Pictures previously managed the distribution for many Ixtl products, including game software, anime home video releases, music CDs, and other merchandise.