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OLM, Inc. (株式会社オー・エル・エム, Kabushikigaisha Ō Eru Emu), formerly Oriental Light and Magic, is a Japanese animation and film studio founded on October 3, 1990 by former Studio Gallop and OB Planning employees. It is a subsidiary of Imagica Group. OLM has worked on several anime series, with Pokémon as their most prominent work. As of 2017, the animation studio is composed of eight teams, currently led by Tsukasa Koitabashi, Nobuyuki Wasaki, Yasuteru Kamei, Hiroyuki Katō, Takashi Inoue, Isamu Abe, Daisuke Yoshioka, and Ryōsuke Sakurai.

In recent years, OLM has expanded its business into the field genres of TV drama and live action films, producing titles such as Shield of Straw.

On February 6, 2024, Imagica Group announced that Toshiaki Okuno resigned as the president and executive director of OLM, and current vice president and director Hideki Kama will take his place. Okuno will remain a director.

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