Imagine Entertainment and Australian FX house Animal Logic (“Happy Feet,” “The Lego Batman Movie”) have formed a joint venture to produce a slate of both animated and hybrid family films.
The plan is to develop, produce, and finance six feature-length animation and hybrid animation projects over the next five years. Equity financing is currently being raised to fund 50% of the production and development during the five-year term.
Target production budgets for each of the projects are between $75 and $85 million. Animal Logic is currently at work on “Peter Rabbit” for Sony and “The Lego Movie Sequel” for Warners.