Nelvana jumping into 3-D

MONTREAL — Nelvana, Canada’s largest animation producer, announced Tuesday that it has inked a deal to acquire Windlight Studios, a Minneapolis-based 3-D TV producer.

The Toronto-based Nelvana also said it will open a 3-D computer-generated imaging facility in Toronto.

The moves signal a significant shift into the 3-D animation business, said Nelvana co-CEO Patrick Loubert.

Nelvana, which already controls 16.7% of the outstanding shares in Windlight, has signed a letter of intent to pick up the remaining 83% of the shares for $2.17 million, to be paid with a mix of cash and Nelvana shares.

Several senior execs at Windlight, including prez Scott Dyer, will move to Toronto to help set up Nelvana’s 3-D studio, a 10,000-square-foot facility that will be housed right next to Nelvana’s main offices.

The 3-D plant should be in operation by early next year. The rest of the Windlight staff will remain in Minneapolis.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading