Imagi’s Gatchaman Officially Dead

IMAGI Holdings has confirmed that the company has formally wiped its planned CG Gatchaman film off its slate. The Imagi Animation studio announced plans to develop a CG adaptation of Tatsunoko’s Science Ninja Team Gatchaman anime franchise in 2007. Following the financial failure of the studio’s 2009 Astro Boy film, the Imagi Animation studio was closed. As of May 2011, Imagi Holdings has officially and financially removed the Gatchaman production from its future business operations.

Source: Crunchyroll