Japanese media giant Toho is acquiring Gkids, the North American distributor of animated films like the Oscar-winning The Boy and the Heron as well as live-action hits like Godzilla Minus One. Gkids will continue to operate as a wholly owned subsidiary of ...

The two firms have already worked together to release films in the U.S., with GKids handling last year’s Oscar-winning Studio Ghibli feature "The Boy and the Heron." Financial terms were not disclosed.

Japanese entertainment giant Toho Co., Ltd., which was founded in 1932 and is most famous for the "Godzilla" films, has reached an agreement to acquire a 100% equity share of GKids, Inc., the Oscar-winning North American animation producer and distributor.