Magic Lantern Signs $10M Film Funding Deal, Heathcliff Movie

TF2 Ventures’ Innovation Entertainment label has teamed up with Magic Lantern Entertainment to produce up to 20 films over the next three to five years. The development funding arrangement is worth $10 million.

The first feature film to come out of the partnering, Bad Kitty, based on the Heathcliff character, is slated for a 2011 theatrical release. The CGI-animated comedy-adventure is currently in active pre-production with the script being written by 14-time Emmy-winning animation writer Tom Ruegger.

“Our primary criteria will be that all of the films in our slate are ‘pre-sold’ in the market—a remake, sequel, adaptation of a book, comic book, graphic novel, musical play, video game, toy property, whatever,” says Jeff Segal, president of Magic Lantern Entertainment. “The pre-sold quality of our titles mitigates our risk and jump-starts our marketing and promotional campaigns in support of each release.”

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