Radar Pictures of Los Angeles headed by Ted Field, whose feature films, including “The Last Samurai”, “The Chronicles of Riddick” and “Runaway Bride”, have grossed $3.25 billion since 1984, has agreed to a minority interest in the Canadian visual effects group of companies that includes C.O.R.E. Feature Animation and C.O.R.E. Digital Pictures of Toronto.
Said Bob Munroe, President and co-founder of C.O.R.E.: “Partnering with one of Hollywood’s most successful independent production companies will give us greater access to the resources required to bring major animated feature films to market.”
“With these features now costing up to $100 million and beyond to produce, the venture will let us continue to build an organization with the capacity to attract the very best talent, capitalizing on Toronto’s infrastructure and economic advantages, as well as opening new investment opportunities and distribution channels.”
In 2003, C.O.R.E. was engaged to create a fully animated feature for a major Hollywood studio. Today, C.O.R.E.’s companies are the largest employer of digital animators in Canada, with a staff of 400.
With the increasing number of productions expected as a result of the Radar Pictures deal, C.O.R.E. will solidify its position as one of the industry’s major players in the creation of animated features, driving the growth of Southern Ontario as a “global cluster” for world caliber animation.
Said Ted Field, the founder and CEO of Radar and the producer of “The Last Samurai”, “Runaway Bride” and “Jumanji”: “We’ve believed for some time that computer- generated animation will play a growing role in feature films. We also believe the natural evolution of our business is to move into feature animation. So we began to look for a company that had some unique qualities; first and obiviously, it had to have loads of talent and a strong track record. But it also had to share our vision of creating an independent North American animation studio. C.O.R.E. is already producing films that rival the established animation producers.”