NEW YORK — Multinational entertainment powerhouse 21st Century Fox announced today the acquisition of the anime series The Irregular at Magic High School with plans to edit it for theatrical release as Atlas Shrugged: The Animated Movie.

The project will be produced by John Aglialoro and Harmon Kaslow, the same pair who produced the trilogy of Atlas Shrugged live-action films.

“We are really excited to spread the gospel of Objectivism to a younger audience that will lead to a better society in the decades to come,” said Aglialoro about his hopes for the film. “After seeing the cartoon version of John Galt do everything on his own, I think the children who come to watch will realize that collective action to any problem is not the answer.”

Fox is now set to lobby Congress for legislation to block imports of the series from Japan. In addition, negotiations are at an advanced stage to have the series removed from Crunchyroll. Teams of copyright attorneys working for the media giant will also be pursuing all legal options to remove the series from the view of Americans on the Internet.

Meanwhile, fans of the original anime were stunned at the announcement.

“I really wanted to see the original show as it was in a Western release,” said Kevin Chung, 17. “But I think they gave Aniplex and Crunchyroll so much money that it will literally save anime.”

Shares in 21st Century Fox were up 3% in after-hours trading following the announcement.

“It’s low-risk, high-reward for Fox,” Goldman Sachs analyst Brian Carter told Anime Maru. “Many, many more people will be able to watch this than they would otherwise, and let’s face it, there are not enough fans of the original for it to matter to anyone.”

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