TIFF 2014 Update: Lower Production Costs for Indie Animated Films
From headlining bid wars between studios and premiering award-worthy films, the Toronto International Film Festival (TIFF) also gave the spotlight on various computer-generated films from both the established and independent producers who are now looking for interested distributors. Read on to learn more about this news story.
According to Variety, production costs for quality yet expensive animated features have gone down significantly with better technology and creative financing, enabling independent producers to create a name for themselves.
“Now you don’t need that half a billion dollars at the box office to show that it’s a good business – You can have a film that does $50 million or $100 million worldwide, and it’s successful,” says Foxhoven in the Variety article.
Foxhoven has recently produced three animated pics including the Sony PlayStation’s “Ratchet & Clank.” The company has bagged rights to the said animated pic tying up with the Canadian animation company, Rainmaker Studios. It is a series of platform video games on various PlayStation consoles, created and developed by Insomniac Games and published by Sony Computer Entertainment. The games take place in a science fiction setting and follow the adventures of Ratchet as an animalistic human-like character, who is a mechanic and his partner Clank, a diminutive, sentient robot, as they travel through the universe, saving it from evil forces on a regular basis.
Variety also pointed out that the technology has become more accessible to independent entities after a half decade or so. Before, the bigger studios and the bigger budgets you could see a huge difference in quality, but “now it’s just going to come down to story” adds Foxhoven.
The Ratchet & Clank animated feature film was announced earlier in April 2013 with a planned release in 2015. The film is being developed by studios Blockade Entertainment and Rainmaker Entertainment, along with partnerships from Sony Computer Entertainment and Insomniac Games. The film will be an origin story that retells the events of the original Ratchet & Clank, depicting how Ratchet and Clank met each other as they attempt to save the Solana Galaxy from Chairman Drek and the Blarg while expanding on various plot points incorporating some elements from later series entries, such as Doctor Nefarious and the Galactic Rangers. Principal voice actors James Arnold Taylor, David Kaye, and Jim Ward will reprise their roles as Ratchet, Clank, and Qwark respectively.
Other animation pics that will premiere at the festival include Salma Hayek’s “The Prophet” from her own Ventanarosa Production. It showcased Kahlil Gibran’s work including some of his literary works that have different directors.
That’s it for Toronto International Film Festival to feature, cost prohibiting high-quality animated features. For more updates on upcoming movies, stay tuned here on Movie News Guide (MNG).
Photo Source: Wikimedia Commons/Naomi Lipowski