Cyper Media Acquires Joongang Movie Ent.

Computer animation studio Cyper Media, Inc., now in production on the CG feature The 5th Glacial Epoch, has acquired Joongang Movie Ent. Co. Ltd., a producer of animated content for the Pokemon series.

Cyper CEO Duk Jin Jang comments, "Cyper will now be able to offer our combined clients traditional 2D along with 3D animation content, enabling the company to compete profitably with world-class animators such as Pixar and Disney.”

A distribution contract for The 5th Glacial Epoch is being negotiated with MGM. If it goes through, Global Marine will put up $4 million of the film’s $15 million production budget. Cyper says an electronic game publisher has committed to a $5 million advance.