The Last Unicorn (1982)
From a riddle-speaking butterfly, a unicorn learns that she is supposedly the last of her kind, all the others having been herded away by the Red Bull. The unicorn sets out to discover the truth behind the butterfly’s words. She is eventually joined on her quest by Schmendrick, a second-rate magician, and Molly Grue, a now middle-aged woman who dreamed all her life of seeing a unicorn. Their journey leads them far from home, all the way to the castle of King Haggard.
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The art style looks similar to the Hobbit animated. Wonder if the same studio did them both.
YES they did! The Animation Studio was called Topcraft トップクラフト Toppukurafuto. It was the animation Studio that Hayao Miyazaki was part of before he created Studio Ghibli.
YES!!! Thank you for reuploading!