Imagi Debunks Rumors of Halt to Astro Boy

Amid reports of financial problems plaguing Hong Kong-based Imagi, president of the company’s U.S. operation Erin Corbett denied in an interview with io9.com that the Astro Boy feature film has halted production.

Corbett told the site that the studio has the money to finish the film, due out in October through Summit Entertainment, which she says is about 50 percent rendered and completed.

The company did have to temporarily shut its U.S. offices for a week while it awaits its next round of financing to kick in. The company had sought a bridge loan to fund the interim but was unable to secure that financing.

The closure will have a minimal impact on the film, Corbett said. While U.S. operations were put on hold for a week, the main studio operation in Hong Kong was already scheduled to be closed during this period to celebrate Chinese New Year.