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Crest Animation Studios is moving steadily ahead on its way to
become a globally recognised CGI animation studio. Its US based
subsidiary, RichCrest Animation (RCA), and Lions Gate Entertainment
(LGE) have announced a three-picture co-production and co-financing
arrangement to produce three top-quality, state-of-the-art animated
feature films for worldwide theatrical release.
RCA and LGE would equally share the cost of production, as well
as the profits. The rights to the first film under the agreement
- Sylvester and the Magic Pebble, based on the caldecott
medal-winning story by William Steig (the creator of the blockbuster
Shrek) have been acquired, and the film is in development.
The other nominees in this category included Atomic Betty
(Breakthrough Animation and CiTV), Black Hole High (Fireworks
and Jetix) and Miss Spider’s Sunny Patch Friends (Absolute
Pictures, Nelvana and Five).
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