News Final Fantasy production costs to be covered by Japanese Bond market
posted on 2000-09-09 13:36 EDT
Square have announced that they intend to manage production costs for the upcoming movie version of "Final Fantasy" by selling bonds on the Japanese market. This will aid in raising a sufficient budget for the creation of the CG film.
"Final Fantasy" is to be produced by Square Pictures, the American subsidiary of Square and is scheduled for release next summer.
Production costs for the film are forecast to go over the original budget of 70 million US dollars to a considerably larger 115 million. The majority of this 45 million dollar discrepancy looks set to be managed by securitization. The rate of the bonds is currently undecided.
In addition to the above, Square also announced that they have signed an agreement with Columbia Pictures to create, produce, and release the next three Final Fantasy movies. Under this agreement, production costs and profits will be divided between the two companies.