Dirk Daring
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I am a Condor.
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I seriously doubt that this movie is ever coming out, and when it does come out it will not make back the money it cost to make. There's NO momemtum behind this movie, at least with "Astro Boy", the 2003 series had aired on Kids WB and Cartoon Network a few years before, and a critically-acclaimed GBA game was released based on the show, leaving it fresh in people's minds. "Speed Racer" had been re-run tons of times from the late '60's to the late '90's, so several generations were familiar with it, not to mention the parodies and pop culture references made in the last 15 years.
But "Gatchaman"? Other than "Tatsunoko Vs. Capcom" released over a year ago....what does it have? "G-Force", the last incarnation of Gatchaman to air to a wide audience, last aired on Cartoon Network in the summer of 1997 (excluding the short-lived late-night run in early 2000). Barely anybody saw "Battle of the Planets"'s short-lived run on Boomerang in 2004, because barely any people get the channel to this day. ADV's "Gatchaman" release, while a grand effort, was a sales failure and went out of print by 2007, making copies of the boxsets hard to get.
The combined fanbases of BotP and G-Force (all three of us), as well as old-school anime fans is IMO nowhere near enough to make the movie break even. Can it! 
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23-06-2011 05:23
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gatchamarie
Gatchamaniac
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At least I'm not the only one who didn't understand well, or fully, that announcement! It's very vague!
Lately I'm not leaving anything refuel my high hopes again! Not after so many delusions! At this stage, like Dirk I too think there are really very low hopes for such a movie to make it! But, there's always that teeny tiny voice telling me not to completely let go, my wishing to perhaps someday be really able to rejoice for the happening of such a miracle!
Until then, if ever possible, I'm just trying to not think about it, even though that "wiping the slate clean" expression got me pondering about its meaning a bit! Part of me wishes it to mean that they'll start all over again, as UW said, "wiping" their history of losses clean! I'm trying to ignore the other possible meaning of them getting rid of any past-planned, and already attempted projects! Only time will tell us, and one thing is most probable! If ever the making of the movie will come forth, cinemas will have a big, white-haired audience!
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23-06-2011 13:37
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Transmute Jun
Queen of the Bird Missiles
I am a Swan.
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| quote: | Originally posted by clouddancer
I guess there would be "some" loss on the Gatchaman movie since there had been people hired to work on the writing, and developing of the storyline (along with several different directors) who all would have been paid some salary while they worked. If Imagi feels the need to start from the beginning again then all that time and money would be considered a "loss." |
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But see, in accounting, 'loss' and 'expense' are two different things. You are right that they spent money on salaries and such to develop the things they did on Gatchaman, however under US accounting rules these costs would have been expensed as they were incurred. The work took place in the US/Los Angeles, so I was assuming they used American GAAP.
Now since this is from Hong Kong, they might be using international accounting rules (IFRS). That would allow development costs to be capitalized if they had established 'technological feasibility'... I'm not sure they had really gotten to that stage with Gatchaman, but then, I wasn't on their audit team.  In 'English', once they are pretty far along in the work,the international accounting rules allow them to call the salaries of people working on the project an asset. So if they did this, then it would make sense to devalue this asset now and call it a 'loss'.
If THAT'S the case, then that's a very bad implication for the movie, because it means that they're not expecting any future revenue from the Gatchaman rights. And the only reason for that is if they weren't going to pursue the project.
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This post has been edited 1 time(s), it was last edited by Transmute Jun on 23-06-2011 at 13:46.
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23-06-2011 13:45
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TheSolarSailor
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| quote: | Originally posted by yul
From Imagi`s press release (June 21, 2011):
• Excluding the accounting losses due to the redemption of prints and advertising loan, a
bridge loan and convertible loan notes, the loss for the year was significantly narrowed
down by 89.9% to HK$122.2 million, of which HK$81.2 million was attributable to the
provision for impairment loss relating to Astro Boy and Gatchaman
• The Restructuring commenced in May 2010 (including the above-mentioned provision)
wiped the Group’s past slate clean. Astro Boy and Gatchaman will no longer have any
adverse financial effect on the Group beyond last financial year. |
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It doesn't make a whole lot of sense at all, really. All I can get out of this is that the losses of their past efforts will no longer impact Imagi's future projects. But as many have stated, what in the world was done with Gatchaman to begin with in order for it to have cost them so much to start with? I would think the real losses came from Astro Boy, the film they actually finished and released in theaters to very disappointing results.
All in all, I was excited by this Gatchaman project a few years ago when Kevin Munroe was attached, but as more and more information was released, I came to realize that this project was never going to be the Gatchaman we all know and love. Really, it never stood a chance. There were way too many things that they kept wanting to change. You all know deep down in your hearts that these changes would not have sat well with we fans.
I don't think Gatchaman stood a chance of being any more successful here in the states than Astro Boy was. While we do have a wonderful fan base, it isn't enough to make a movie succeed here. I predicted Astro Boy would fail. The writing was on the wall and it was easy to see. I knew it would doom the Gatchaman project, but I also knew that Gatchaman would have failed had it been made first. In my opinion, I don't really think an Americanized version will make that big of a splash. I mean, even Alex Ross's Battle of the Planets stuff sort of came and went. Fans loved it, but it was never going to be mainstream. I am far more interested in the Japanese company Tatsunoko making a live action film or something. Keep it Japanese, for this is where the material resonates. Hopefully that will one day happen, and hopefully we fans here will get our hands on it eventually!
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24-06-2011 11:18
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littlewolf
Forum God
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I agree, keep Hollywood away from the making of Gatchaman.
Look at their portrayals and adaptions of books and historical events, (Troy, Tarzan, Pearl Harbour, Alexander, Willy Wonker remake) they make them big , flashy, throw in special effect, and re-write the story and often histroy , and worst, people think its correct because it's on the big screen (historians must have a collective groan each time they bring out a new movie and as for what they did to Edgar Rice Burroughs Tarzan...sigh..some things are perfect as they are and should be left alone to stand on their own)
Let it be made in Japan..BOTP, Eagle Riders were not the same as Gatchaman, the rawness, violence and portrayal of characters was missing (they are all good, don't get me wrong, I love all the portrayals, but the feeling and connection of the producers of these adaptions were not there)
Even if the movie does not get to the big screen and goes straight to anime DVD sales, I will be standing in line for my copy and googling for any merchandise, plus they may do a release of other BOTP products and I will be able to get the ones I'm missing and complete my collection..
My fingers are still crossed.
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This post has been edited 1 time(s), it was last edited by littlewolf on 25-06-2011 at 01:45.
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25-06-2011 01:37
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Dirk Daring
Guest
I am a Swan.
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Heh, little did we know that during our talk of this a couple of months back, the movie had officially been CANCELED. The long saga's finally ended guys:
http://www.crunchyroll.com/anime-news/2011/06/21-1/imagi-gatchaman-cg-movie-looked-dead-coffin-now-nailed-shut
In 2000, artificial christmas tree producer Boto diversified when founder Michael Kao's son Francis opened CG animation house Imagi Animation Studio. After TV series Zentrix and Dreamworks' Father of the Pride, they met with success on the 2007 TMNT movie. (In between, they helped put together the Highlander: The Search for Vengeance anime production). A number one box office open for TMNT and $95.6 million gross revenue on a $34 million budget encouraged them to build a business model around CG movie adaptations of internationally recognized heroes, starting with Astro Boy, with Tatsunoko Productions' Science Ninja Team Gatchaman (aka G-Force or Battle of the Planets) in the pipeline and granddaddy of giant robot heroes Tetsujin 28 (aka Gigantor) under consideration.
2009's Astro Boy earned less than $40 million on versus a $65 million budget, and, in its wake, on February 7, 2010, Imagi Animation Studios closed down. Yet, Imagi Holdings was still in business, and there was the suggestion Gatchaman, produced with outsourced animation, could still be a viable project.
Instead, early this year Imagi decided to bet on Chinese characters Pleasant Goat and Big Big Wolf, along with their related consumer goods. "We choose to buy the copyright of Pleasant Goat because of its influence as a national brand, like Mickey Mouse in the United States and the Japan's Hello Kitty," said Leung Pak To, director and chairman of the company. And, with the purchase of copyright manager Toon Express, Imagi began as relaunch as a character brand company.
IMAGI's Chairman Francis Leung Pak To said, "The acquisition will enable the Group to build a bigger and much more solid consumer products licensing business in Greater China and international markets. Over the past few months, we have formed a new management team and carried out a restructuring programme to focus our resources on Greater China and self-owned animated cartoon brands. We are pleased to report that the restructuring of the Group's previous operations has been completed and its financial and accounting effects have been fully reflected in the results of the year ended 31 March 2011. Moving ahead, TE Group is now our main operating entity and we are now looking forward to a brighter future."
With their 2011 financial results, Imagi announced that they're closing the financial books on Astro Boy and Gatchaman.
-- Excluding the accounting losses due to the redemption of prints and advertising loan, a bridge loan and convertible loan notes, the loss for the year was significantly narrowed down by 89.9% to HK$122.2 million, of which HK$81.2 million was attributable to the provision for impairment loss relating to Astro Boy and Gatchaman
-- The Restructuring commenced in May 2010 (including the above-mentioned provision) wiped the Group's past slate clean. Astro Boy and Gatchaman will no longer have any adverse financial effect on the Group beyond last financial year
At least we'll always have the trailer...
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15-09-2011 01:15
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