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The company has agreed to acquire the visual content company Dynamo Pictures Inc. and rebrand it with "focus on development of visual content utilizing Nintendo IP," the company says.

Specifically, the Mario makers have picked up visual content company Dynamo Pictures Inc., with the intent of re-launching it this October as an in-house animation studio.

Nintendo has bought animation studio Dynamo Pictures, which is plans to rename to Nintendo Pictures, to produce visual content based on its franchise IP.