‘Astro’ set for October release

$25 million financing plan completre

The feature version of “Astro Boy” is officially back on track for an Oct. 23 release after producer Imagi Entertainment announced it’s completed a $25 million financing plan.

Imagi, which temporarily suspended “Astro Boy” production last month, said late Tuesday that the funding means it will also continue active development of the “Gatchaman” and “Tusker” projects.

The company’s U.S. prexy, Erin Corbett, told Daily Variety that the company’s has already called back all but 23 of its staffers to complete “Astro Boy.” About 100 of Imagi’s 120 staffers – most of them in Sherman Oaks — were furloughed last month.

“Astro Boy,” the story of a young robot with superhero powers, was created by Osamu Tezuka and first aired as a TV toon in Japan in the mid 1960s. Pic is helmed by David Bowers with a voice cast that includes Nicolas Cage, Bill Nighy, Freddie Highmore, Eugene Levy, Donald Sutherland and Kristen Bell. Summit’s distribbing in the U.S.

“We are thrilled by the incredible response to ‘Astro Boy’s’ early film footage and stills,” Corbett said.

The financing plan for Hong Kong-based Imagi includes raising operating capital both from new investors and from existing shareholders.

Imagi also disclosed that Francis Kao has resigned as chairman to devote more time to his role as chief creative officer. Kao’s being succeeded by Richard Witts, who has over 35 years of experience in Asia including management posts with the Hong Kong Stock Exchange, Schroder Securities, United Mok Ying Kie and CLSA.

Filed Under:

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 Film News from Variety

Loading