×
You will be redirected back to your article in seconds

Imax in Mainframe’s picture

Pact to produce giant-screen 3-D pix

Giant-screen leader Imax Corp. has agreed to make a strategic investment in Mainframe Entertainment, a leading Canadian producer of 3-D computer-generated animation.

Under the terms of the deal, Imax will invest $16 million in Mainframe. The investment is split equally between equity and convertible debt, which combined would give Imax roughly a 30% stake in the company.

Additionally, Imax and Mainframe will establish a joint venture to co-produce 3-D CGI films for release in Imax theaters. The generation, funding and ownership of the films will be equally shared, as well as proceeds from ancillary sales.

Brad Wechsler, co-CEO of Imax, said, “We believe (3-D CG animation) is an important strategic part of our future, which was one of the key motivations for us hooking up with Mainframe.”

‘Gulliver’ next

Mainframe, which produces such CG-animated television shows as “ReBoot” and “Beast Wars,” is at work on “Gulliver’s Travels,” the first jointly produced Imax film to come out of the deal. Summer 2001 is the expected release date.

Ian Pearson, prexy and chief operating officer of Mainframe, co-wrote “Gulliver’s Travels” along with pro-duction designer Brendan McCarthy (“Mad Max”). Pearson said that they are “working as basically one company on this project.”

Wechsler said of the deal, “We’re not only getting equity in Mainframe, but we’re buying access to what we think are fairly unique CGI production capabilities in a very cost-effective, efficient fashion.”

In various stages of development are two Imax-Mainframe projects that will follow “Gulliver’s Travels”: “Pied Piper,” a musical based on the popular fairy tale, and “Pandora’s Box.”

More Film

  • Emma Thompson

    Emma Thompson Exits Skydance Animation Movie 'Luck' Over John Lasseter Hire

    Emma Thompson has dropped out of the voice cast of Skydance Animation’s upcoming film “Luck,” a spokesperson for the actress told Variety. The beloved British star did some recording for the project, but dropped out in January, following John Lasseter’s hire to the top animation job at David Ellison’s studio, an insider close to the [...]

  • Daniel Kaluuya Lakeith Stanfield

    Daniel Kaluuya, Lakeith Stanfield in Talks to Star in Film About Black Panther Party Leader

    Daniel Kaluuya and Lakeith Stanfield are in negotiations to star in the historical drama “Jesus Was My Homeboy” about Black Panther Party leader Fred Hampton. The project is set up at Warner Bros. with “Black Panther” director Ryan Coogler producing along with Charles King through his Marco production company. Executive producers are Sev Ohanian, Zinzi [...]

  • Watch First Trailer for Motley Crue

    Watch First Trailer for Motley Crue Biopic 'The Dirt'

    Netflix has dropped the first trailer for its Motley Crue biopic “The Dirt” — based on Neil Strauss’ best-selling history of the legendarily bad-behaved ‘80s metal icons — and it looks like the film pulls no punches in terms of the band’s famously sordid history. In this two-minute trailer, we get glimpses of singer Vince [...]

  • ‘Tomorrow and Thereafter,’ ‘Diane Has the

    MyFrenchFilmFestival Prizes ‘Tomorrow and Thereafter,’ ‘Diane Has the Right Shape’

    Actress-director Noémie Lvovsky’s “Tomorrow And Thereafter,” a heartfelt homage to the director’s own mother, and Fabien Gorgeart’s “Diane Has the Right Shape,” about one woman’s surrogate motherhood, both won big at the 2019 UniFrance MyFrenchFilmFestival which skewed female in its winners and viewership, making particularly notable inroads into South East Asia and Latin America. Opening [...]

  • Vue International Chief Slams BAFTA For

    Vue International Chief Slams BAFTA for Awarding Prizes to 'Roma'

    Tim Richards, the founder and chief executive of Vue International, one of the largest cinema chains in Europe, has slammed the British Academy of Film and Television Arts for awarding prizes to Netflix’s “Roma.” Alfonso Cuaron’s black-and-white film, which is also up for several Oscars, won four BAFTAs at the awards ceremony in London on [...]

  • Oscars Ultimate Party Guide

    Oscar's Ultimate Party Guide 2019

    Welcome to Oscar week. It’s the time of year when Hollywood’s film industry celebrates all things movies. But it’s certainly not just the big show everyone is looking forward to. With voting closed, it’s all about the parties now. Who’s doing what and where and when are they doing it are the questions everyone is [...]

More From Our Brands

Access exclusive content