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Imagi Courts U.S. Investors

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Imagi Courts U.S. Investors

Hong Kong- and Los Angeles-based animation studio Imagi will offer shares to U.S. investors via a secondary listing on the international OTCQX. The toon shop behind TMNT and the upcoming Astro Boy and Gatchaman movies has tapped Merriman Curhan Ford & Co. to serve as its principal American liaison with the service for companies listed outside of the U.S. Imagi is primarily traded on the Hong Kong Stock Exchange.

Imagi recently sold $40 million worth of shares to Singapore-based investor Oxley Spring Media, and will apply the funds in financing four upcoming Imagi animated features beyond Astro Boy and Gatchaman. One may be Fluorescent Black, sci-fi screenplay Imagi picked up from scribe Matt Wilson. The studio plans to put out a new movie every eight months.

Slated for worldwide theatrical release in 2009 from Summit Ent., Astro Boy is being directed by David Bowers (Flushed Away) will feature the voices of Freddie Highmore, Nicolas Cage, Donald Sutherland, Bill Nighy, Nathan Lane and Eugene Levy. The film is based on the manga and anime created by Japan’s legendary Osamu Tezuka in the early 1950s.

Gatchaman is based on the classic anime TV series Science Ninja Team Gatchaman, which debuted in the 1970s and is better known in the U.S. as Battle of the Planets or G-Force. Imagi’s CG update is being directed by Kevin Munroe (TMNT), and is expected to hit theaters in 2010.

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