Imagi Cuts 25% of its Employees

Imagi creative director Felix Ip has confirmed that Hong Kong based animation studio Imagi (TMNT, Astro Boy) laid off over 100 of its 400 employees last Friday. Imagi’s 2009 Astro Boy motion picture reportedly cost $60-$65 million USD to make and has so far earned roughly $20 million in international release.

Our best wishes go out to both the freshly unemployed and the surviving Imagi studio.

Source: Anime News Network