Amedia eyes first 3-D animated release

'Krakatuk' set for late 2008 or early 2009

MOSCOW -- Russian TV and movie production company Amedia said it expects to release Russia's first 3-D animated film in late 2008 or early 2009, the Russian business newspaper RBC Daily reported Monday.

Amedia's general director, Alexei Volin, told RBC that the visual side of the movie is expected to be completed by August, but he wouldn't discuss the budget or the title, saying the latter "has not yet been fixed."

This is Amedia's second stab at 3-D animation. Last year, it announced the $3 million project "Krakatuk," but the fate of that project remains unclear, having missed its tentative October 2007 Russian release date.

However, observers say that 3-D animation remains a promising area for the Russian film industry, where the niche of "family movies" has yet to be fully exploited.