Warner Bros. Pictures and Sydney-based digital production company Animal Logic ("Happy Feet") have signed a deal to develop and co-produce a slate of three animated feature films.

Under the deal, Warners will have worldwide distribution rights for all films produced and all three will be put into development immediately. There's also talk of a potential "Happy Feet" sequel.

The first project under the new deal to be announced early in the summer, and will be produced in 2-D, stereoscopic 3-D and potentially Imax & Imax 3D.