Imagi Condenses Again

Hong Kong-based animation studio Imagi Animation laid off approximately 100 of its 450 employees last month. Now the company has announced the closure of its Los Angeles office and the layoff of approximately 30 additional employees in order to “safeguard working capital.” However “a small number of key staff” have been retained as consultants.

Imagi produced last year’s Astro Boy animated film, based on Osamu Tezuka’s classic manga, and is reportedly still developing a 3D animated film based on Tatsunoko’s Gatchaman anime franchise.

Source: Anime News Network