April 6, 2018
Joint venture will produce six animated and hybrid animation films over the next five years.
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Zareh Nalbandian, chief executive officer, Animal Logic |
The partnership will see the development, production and financing of six feature animation and hybrid animation projects over the next five years.
“The animation space consistently outperforms other genres and we wanted to enter into that space by partnering with a company that is at the forefront of creative and technical achievement,” says Brian Grazer, chairman, Imagine Entertainment. “Animal Logic is one of the industry’s most highly regarded digital production studios and I am excited for what we can create by combining our resources and talent in storytelling,”
Furthermore, equity financing is currently being raised to fund 50 percent of the production and development during the five-year term. Target production budgets are between $75 and $85 million.
“We could not have hoped for a more perfect collaboration than with Ron, Brian and the Imagine
Imagine is an independent storyteller whose previous forays into family entertainment include
How the Grinch Stole Christmas
and “Curious George.” Meanwhile, Animal Logic’s portfolio includes animated features such as
Happy Feet
and
The LEGO Movie
. The company is also currently producing
Peter Rabbit
for Columbia Pictures.
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