Sad news for fans of the TMNT 2007 movie...
It’s not easy being the outsider among giants, and now, according to Twitch, the independent Imagi Animation Studios is closing down after being forced to lay off 300 of its employees due to financial woes. The studio launched in 2000 and after doing animation work for TV and in a supporting capacity with DreamWorks Animation’s Father of the Pride (2004), the studio had a moderate success in 2007 with TMNT. Unfortunately, their next film, last year’s Astro Boy opened to disappointing numbers, raking in only $23 million worldwide, which was less than a third of its budget.
