Titan Rain Canceled
|IG Port, the parent company of anime studios Production I.G and Xebec, has announced that development of Titan Rain, Production I.G’s planned 3D anime film co-production with Singaporean studio Storm Lion Pictures, has been canceled. However, Production I.G is reportedly already at work on a new anime co-production with an unspecified Singapore based studio. And IG Port is now independently developing a stereoscopic 3D film, although it’s not specified if Production I.G, Xebec, or both studios are working on the project. The reason for the cancellation of Titan Rain has not been clarified.
Source: Anime News Network
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I wonder if it was due to budget issues.