Recent News Stories

  1. Interstellar remains dominant at South Korea B.O.
  2. Hanoi IFF opens third edition
  3. China stampedes over Golden Horse Awards
  4. Jimmy Heung (1950-2014)
  5. Bona and Youku Tudou report higher Q3 revenue
  6. Penguins of Madagascar second-placed in China
  7. Alibaba and Tencent sign Huayi strategic alliance
  8. Miike's Gods tops Japan box office
  9. Takakura Ken (1931-2014)
  10. Violator wins Best Picture at Cinema One
  11. Interstellar stays atop South Korea box office
  12. Hill of Freedom tops South Korea critics award
  13. To Singapore With Love appeal rejected
  14. Hubert Bals announces autumn 2014 projects
  15. Taiwan loosens restrictions on Mainland films
  16. Johnnie To breaks hearts on Singles' Day
  17. Turtles all the way down in China
  18. Beauty and the Beast, Twilight top Japan B.O.
  19. Golden Horse fixes project jury
  20. Doze Niu found guilty in Paradise case
  21. Sedic International fined for hiding income
  22. Interstellar lifts off to top South Korea b.o.
  23. Kitano Takeshi returns with yakuza comedy
  24. Jay Chou to join cast of Now You See Me 2
  25. Haemoo wins Best Narrative Feature in Hawaii
  26. Lee Lieh's 1 Production to enter securities market
  27. Expendables 3 tops Japan box office
  28. Ninja Turtles reboot tops China box office
  29. Li Li appointed new Galloping Horse CEO
  30. Yamazaki Takashi on Parasyte's global potential
  31. My Dictator opens third-placed in South Korea
  32. Galloping Horse CEO in shares feud
  33. Heaven Knows What takes Tokyo Grand Prix
  34. Leviathan leads APSA nominees
  35. Studios, female protagonists and embezzlement
  36. Close Range Love tops 3rd week at Japan B.O.
  37. Lucy explodes at China box office
  38. Edmund Yeo on the evolution of Malaysian cinema
  39. Kitano receives Samurai Award at Tokyo Fest
  40. Gone Girl leads South Korea B.O.

Two animation firms close in Singapore


Two animation firms close in Singapore

By Patrick Frater

Fri, 07 January 2011, 15:46 PM (HKT)


Corporate News

Two Singapore-based animation companies have closed down in recent days.

Egg Story Creative Production announced its demise and the redundancy of some 30 staff in the week before Christmas. That was followed by the announcement that a rescue attempt at Storm Lion, which had dismissed most of its staff earlier in the year, had finally proved fruitless.

Launched in 2005 by Nickson Fong (pictured) an animator with credits on Hollywood pictures including Shrek, Starship Troopers, Godzilla, Stuart Little, Matrix Reloaded and Matrix Revolutions, Egg Story was working on two productions.

Its Kung Fu Gecko was the story of a lizard and his friends who take on a bad guy in order to save the world. Chop Chops was a tale of ghost-hunting kung-fu masters.

Gecko was originally conceived as a $30 million (S$39 million) CG-animated feature movie and unleashed a trailer in 2005. But, operating without a studio-level distributor, the company was forced to re-format it as a TV series. Production was about 40% complete at the time of closure.

(It is understood that the Egg Story Digital Arts School has separate management and funding and is not affected by the closure.)

Storm Lion, headed by Edmund Shern, was set up as a multimedia firm producing content for graphic novels, games, films and animation. It achieved a milestone in 2009 when its Freedom Formula comic series was signed up with Bad Hat Harry Productions and Radical Pictures for New Regency Pictures to distribute through 20th Century Fox and X-Men's Bryan Singer to produce and direct.

Pitched as a kind of Top Gun with exosuits instead of planes, the script was in its second draft and the film tentatively set for a 2013 delivery.

Shern, himself a former Radical executive, ran into funding difficulties and in July last year laid off staff in Singapore and the US and cancelled a planned splash at the San Diego ComiCon.

But with a slate of projects that included Titan Rain (a film in collaboration with Japan's Production IG) and Kiss: Carnival of Souls (a Las Vegas live show with aging glam rock band Kiss and Radical's Radical Music subsidiary) the company was soon involved in rescue talks. These have now proved fruitless.

With financial incentives from the Media Development Authority, Singapore has seen the establishment of some 40 animation and effects companies including Lucasfilm and the UK's Double Negative. However, two others have closed in the past year; Big Communications and Mega Media. Big was contracted to produce the Dinosaur Train TV series for the Jim Henson Company. Mega Media was an investor in another TV series Katakune.


Sign up with your email address for our free weekly newsletter: