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Forbes on the Rescue of Imagi’s "Astro Boy"

by onJanuary 16, 2009

Forbes discusses how the current financial climate has made life difficult for Imagi Animation Studios, currently deep into production of the CGI animated adaptation Astro Boy. Recent news indicated that Imagi was facing a short-term cash flow problem that threatened to scuttle the studio, and Forbes expands on the story by noting that CEO Douglas Glen had secured US$30 million in financing during the summer of 2008, but that $20 million of it fell through by mid-November. However, the firm was promised $20 million in replacement financing in December, allowing production to continue.

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