New “Jungle Book” CG Film Planned

India-based animation house DQ Entertainment is launching a new theatrical feature division reports Deadline.

The first project being done is a $45 million stereoscopic 3D animated film based on the Rudyard Kipling classic “The Jungle Book”.

Previous adaptations of the work include the 1967 animated classic and Stephen Sommers’ 1994 live-action version starring Jason Scott Lee and Lena Headey. A new live-action version is also in development at Warner Bros. Pictures.

Jun Falkenstein and Kevin Johnson are co-directing from a script by Billy Frolick. Production is already underway with a 2014 release planned.