Toronto-based companies to co-produce four pics

Two Toronto based companies, Tayrona Films and Arc Productions, are partnering for a co-production alliance to produce four animated feature films.

Announcement was made Friday came by Tayrona president James Ordonez and Arc prexy Jeff Young at the Toronto International Film Festival.

The Paradigm Motion Picture Finance Group brokered the deal.

Tayrona and Arc will each contribute two films to the slate deal.

The first film will be Arc’s “The Legends of the Underzoo” based on a screenplay by Kevin Almeida and Jeff Treppel. The action adventure story follows a group of animal cubs who — when their zoo is threatened — set out to find buried treasure in the mysterious Underzoo.

Tayrona is developing “Darwin: A Galapagos Love Story” and “Aurora the Spirit Bear of the North,” both written by Erik Daniel Shein, as part of the co-production deal.

The fourth co-production film is yet to be determined. Arc has served as the animation studio on five animated feature films including “Gnomeo and Juliet” and “9.”

Tayrona typically does films in the $20 millions to $60 million range. The four films announced in the co-production deal are tentatively budgeted at $30 million to $40 million range.

Tayrona will release the pics on 1,500 screens in Latin America.

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