Over 300 employees were recently laid off, ultimately resulting in legal blows being traded, but more on that at: www.hkheadline.com

…Imagi recently said it will continue to develop movie ideas and outsource the actual animation work to mainland China and other countries, where costs are lower.

This was quite a set back to the Chinese animation industry. They first released TMNT in 2007 and I felt they did a decent job. Last years animation was Astro Boy which was an unfortunate box office flop. Even though the studio was not at the level of say, Pixar, Imagi did have a good deal going for itself in terms of talent. What does this hold for the future of animation in China? Hopefully something positive in the coming new year…

-Raving Lunatik