Canadian comics publisher Arcana Studios and China’s Yisang Media have launched production on Pandy, a 3D animated feature that about pandas battling aliens. Yisang’s Los Angeles-Beijing Studios (LABS) and Arcana are producing the film, which was announced today at Comic-Con.

No talent was announced for the pic, which China Film Group will release in the Middle Kingdom. Yisang Media CEO Baiyi Chen, Arcana Studios CEO Sean Patrick O’Reilly, LABS COO Steve Chicorel & LABS Production Head Sriram Das were at the Arcana booth at SDCC to mark the new intercontinental alliance.

“The reason we can produce entertaining animation for a fraction of what major studios spend is in part because we have a very strong vision led by an experienced team, allowing us to produce animation without numerous re-writes and approvals,” said Arcana CEO Sean Patrick O’Reilly, whose company produced last year Pixies, starring Christopher Plummer, Bill Paxton and Alexa Vega.

Said Yisang Media CEO Baiyi Chen, “International buyers seem to be clamoring for more animated titles, and it’s great we can connect with Arcana, who has reached a level of quality and technical efficiency that’s in demand right now not only in China but the rest of the world.”

LABS also is in talks to acquire Arcana’s comics-based trilogy Howard Lovecraft and the Frozen Kingdom for China distribution. Arcana has just completed the first movie of the trilogy for Shout! Factory and Lionsgate; it stars Jane Curtin, Ron Perlman and Christopher Plummer.