Dorado Media and Arc Productions Announce Multi-Picture Partnership
October 24, 2012 (Toronto, Ontario, Canada) - Dorado Media and Capital Ltd. and Arc Productions Ltd. have entered into an agreement through which Dorado will facilitate financing for a slate of projects that will be produced at Arc’s studio in Toronto in the $30-50M budget range. The agreement will allow for the production of at least three major projects and will focus on CG features and television series.
The Canterville Ghost, a Melmoth Films CG animated feature starring Stephen Fry and Hugh Laurie, will be the first project financed in part through the agreement.
“Dorado represents a pool of capital and has a strategy to identify and invest in feature film and television projects. Family-friendly animation properties are attractive opportunities for our investors and we have been seeking a direction to approach this sector. Skinnervision is an excellent example of one of our capital partners who shares this view and is a major investor in this project,” states Johnathan Brownlee, Principal of Dorado.
According to Jeff Young, Arc’s President, “As the first project through the Dorado-Arc pipeline, The Canterville Ghost embodies all of the qualities we are looking for in an animated feature film and will yet again allow us to showcase our creative team who continue to perform brilliantly on worldwide brands such as Barbie, Halo and Thomas the Tank Engine.”
A property of London-based Melmoth Films, The Canterville Ghost is a 90-minute CG animated feature to be directed by Kim Burdon that will reunite Stephen Fry and Hugh Laurie for the first time in 13 years. The duo, stars on both sides of the Atlantic, will play opposite each other in this adaptation of the classic Oscar Wilde story. The score will be written by legendary composer Ennio Morricone as his first venture into full-CG feature film animation.
“Arc’s credits, including Shane Acker’s 9 and Rocket Pictures’ Gnomeo & Juliet, compelled us to knock on Arc’s door in the first place,” says Melmoth producer Robert Chandler. “The fact that they have the confidence to allocate equity funding from their slate deal with Dorado for our film is a compliment to both Melmoth and the project itself. We are hopeful that this will be the first of many successful collaborations for the Melmoth-Dorado-Arc team.”
The Dorado-Arc agreement builds upon the recently announced Tayrona-Arc Slate Funding Agreement for four CG animated features to be produced at Arc. Together, these deals solidify Arc’s position in the development marketplace and implement the company’s strategy to balance its healthy service portfolio with projects in which it has an ownership position.