Sadly, FF:LOC falls under the license of Urban Vision Entertainment. It was directed by Rintaro, the guy behind Galaxy Express 999, under Studio Madhouse.
I don't know if Hironobu Sakaguchi or anyone else at Squaresoft had any active hand in it, BUT they seemed to have veto power and they didn't really do anything to stop its production.
There's also Final Fantasy Unlimited, which I have yet to actually watch. Nobuo Uematsu actually played a key role in composing the music, so there's that.






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