Buyout From TYO
In October 2007, due to rising production costs, the Tsuburaya family sold the company to Japanese advertising agency TYO Inc., which now has an 80% stake in the company, with Tsuburaya itself owning 68%. Bandai, the main licensor of merchandise for the Ultra Series, acquired a 33% stake. As a result, the old Kinuta Office used by Tsuburaya as its Head Office has been razed, and the company has moved to newer facilities.
Kazuo Tsuburaya, Eiji's grandson, is staying with the company on its board of directors.
Read more about this topic: Tsuburaya Productions