CDI close to Platinum, Radical deal
Hopes to develop films for L.A. comics publishersNEW DELHI -- Film and TV producer-distributor Compact Disc India is "close" to a deal to develop animated features based on the characters and titles of comics publishers Platinum Studios and Radical Comics, the company said Wednesday.
"We are in advanced talks with Platinum and Radical to develop two animation features based on their respective properties, each budgeted at $20 million. CDI will be an equal co-producer in both these projects," CDI Chairman Suresh Kumar told The Hollywood Reporter.
Kumar did not say which properties were being considered but added that the proposals are awaiting final clearance by CDI's board and that he hoped to make an official announcement by the end of July.
Los Angeles-based Platinum owns more than 3,800 characters and comic book properties including "Cowboys and Aliens," which is being turned into a potential 2010 live-action feature co-produced by DreamWorks and Universal, with Robert Downey Jr. in negotiations for the lead.
Carpinteria, Calif.-based Radical owns such titles such as "Hercules" and "Aladdin" and recently confirmed that director John Woo will direct the film adaptation of "Caliber: First Canon of Justice."
CDI would handle animation production for the two proposed features at its facilities with "creative input from Platinum and Radical," Kumar said.
The India-based producer recently signed a $20 million deal with the Latin American Football Corp. to co-produce the 3-D animated feature "Soccer," based on Brazilian soccer star Ronaldo. The film is being planned for release in conjunction with the 2010 World Cup.