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Auditors Concerned for IMAGI's Funds for Films after Astro Boy
posted on by Egan Loo
Deloitte Touche Tohmatsu based its audit on the half-year results of IMAGI and said that the studio had about HK$88.9 million ($11.5 million) in the bank and in cash on September 30. However, IMAGI projects that it will need $66 million to complete its films and pay operating expenses through June 2010. US$45.6 million of that amount is needed within the next 12 months. IMAGI is still raising funds that may meet its projected needs for 2009 and 2010, but the audit firm still expressed "material uncertainty."
posted in his blog that "Gatchaman will not come in 2009."
Ip premiered in theaters and online in November.
Source: Variety via animeanime.jp
Image © Summit Entertainment
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