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Imagi Secures Financing for "Astro Boy" and "Gatchaman"

Imagi Animation Studios has announced the placement of convertible bonds worth HK6 million (which is approximately $52.07 million in U.S. dollars at current exchange rates), which will be used to finance production of feature films, including its CGI animated versions of Astro Boy and Gatchaman. (via Comic Book Resources Comics Reel)

Toonz Academy Opening New Facility in Hyderabad

India’s Toonz Academy will open a new training academy in Hyderabad this month, India PR Wire reports. Toonz Academy, which is an affiliate of Toonz Animation, plans to add other centers in Ahmedabad, Chennai, Bangalore, Visakhapatnam and Bhubaneswar in coming months.

China Reportedly Bans U.S. Films for 3 Months

Variety is reporting that China has enacted a ban on releasing American movies for at least three months. Among the films that will be locked out of the China market are DreamWorks Animation’s Bee Movie, Paramount’s Beowulf, and Disney’s Enchanted. The ban was not issued in writing, but speculation on the reasons why center on […]

Maya Entertainment Announces Animation Scholarships

India’s Maya Entertainment Limited will award scholarships to animation students through its just-announced Creativity Rewards Scholarship 2007 program, Animation Xpress reports. The initiative, designed to groom local talent, is being handled through Maya’s MAAC academic arm.

Sankranti and MayaCom Team Up for Animated Features

Sankranti Creations and MayaCom will coproduce two animated features under a partnership announced by the two companies, Animation Xpress reports. The films, budgeted at less than $4 million each, are intended primarily for the domestic Indian market.

Media Giants Moving in on Indian Children's Market

The Los Angeles Times is reporting that Time-Warner Inc. is joining the Walt Disney Corporation in moving into children’s entertainment in India (free registration required). Turner Entertainment Networks Asia has just signed with three Indian production houses to make localized animated features for the Indian market. The article also notes that Turner’s Cartoon Network and […]

Disney Teams with Bollywood for Animated Musicals

Disney has signed a deal with Bollywood film company Yash Raj Films to create animated movies featuring the voices of several top Indian film stars. The films will be in Hindi, but Disney Studios chairman Dick Cook stated that they would be, “culturally relevant for the whole world.” The first film is tentatively titled Roadside […]

Rintaro, Madhouse and Denis Friedman Productions announce "Yonna Yonna Penguin"

Famed anime director Rintaro (Metropolis, X: The Movie, Space Pirate Captain Harlock) and Japanese production house Madhouse(X/1999, X: The Movie, Metropolis, Trigun) along with paris-based Denis Friedman Productions have annouced a new CGI-animated movie to be called Yonna Yonna Peguin. As reported by Screen Daily, the movie will the story of “a little girl who […]

Japan creates new "Nobel Prize" for foreign manga

Japan’s Foreign Minister Taro Aso has announced the creation of a new official Japanese government prize for the best foreign manga. Nominations will come from members of the general public worldwide as well as the companies that publish the productions. The winner of the award will be judged by a panel consisting of Michiko Satonaka […]

India's UTV Aims For Big Future with Three New Features

Indian film and TV conglomerate UTV has greenlighted a trio of 3D CGI cartoon features, according to Variety. The company is ramping up its UTV Toons division into an industrial scale production-line capable of releasing features on an annual basis. The Mumbai-based facility is to grow from its present 300-member staff to 1,000 employees and […]

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