Recent News Stories

  1. Cambodia Rising
  2. Marvel's Guardians takes second China weekend
  3. Close Range Love pulls ahead in Japan
  4. Vietnam Media Corp climbs Berlin Wall
  5. Filmex competition goes Middle East
  6. Bride remake tops quiet weekend in South Korea
  7. Breakup Buddies takes RMB1 billion
  8. Empire of Shame wins at Taiwan Doc Fest
  9. Justin Lin starts Hollywood Adventures
  10. Kyoto festival opens in low-key style
  11. Iwai Shunji to direct first anime feature

  12. SAPPRFT to publish hourly box office data
  13. MFF opens with glamour despite funding crisis
  14. Nostalgia and Close Range Love top Japan B.O.
  15. Red Amnesia to open China Onscreen Biennial
  16. Guardians of the Galaxy tops China box office
  17. Drug War tops China Media Awards
  18. Bride remake tops South Korea box office
  19. Asian Star Casting Forum lost in translation
  20. Yoshimoto Kogyo establishes film arm
  21. Youku Tudou adds two executives
  22. China's National Day B.O. biggest on record
  23. HK Asian Film Festival highlights local directors
  24. Rurouni Kenshin continues Japan box office reign
  25. Hairun and Roadshow team up for Mountain Cry
  26. Zhang Jingchu joins Mission: Impossible 5
  27. Viva launches Tagalized Movie Channel
  28. Midi Z's Road to Mandalay goes 4–way
  29. Black & White sequel defeated in Taipei
  30. Taipei to introduce new international incentives
  31. Busan IFF's changing definition of Asia
  32. Five Star launches Sming at Busan market
  33. Astro Shaw launches Nova, Cappadocia sales
  34. Thai Speed Dating launches in Busan
  35. China Lion acquires The Golden Era
  36. Hot from Hong Kong at Busan market
  37. Korean films take back domestic box office
  38. Paradise, Partners, Appeal at Asian Film Market
  39. Tan Pin Pin appeals Singapore ban
  40. Mosquito takes bite of Thieves, Durians

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: