Legendary anime Studio Gainax announced bankruptcy. The corresponding document was filed with the Tokyo District Court on May 29. The company reported that it made this decision due to unsatisfactory financial conditions, which began to worsen around 2012 for various reasons.

Gainax is primarily known for anime such as "Gunbuster," "Tengen Toppa Gurren Lagann" and "Neon Genesis Evangelion." The latter made a huge cultural impact, not only influencing the anime industry, but the pop and gaming culture as well. NieR: Automata game director Yoko Taro named "Eva" as the primary source of inspiration behind the game.

In February 2020, the studio updated its management team and attempted to address the situation — informing employees, among other things, about large loan amounts from financial institutions. Additionally, workers learned that some IPs and various materials were transferred to other companies without the original rights holders' knowledge.

Gainax representatives stated that they could not repay most of the debts and, therefore, could no longer continue their operations. The company was founded on December 24, 1984 — thus, it existed for almost 39 and a half years. 

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