The anticipated threequel, which will have a story by Paddington 1 & 2 collaborators Paul King, Simon Farnaby and Mark Burton and a screenplay by Burton, Jon Foster and James Lamont, will be one of the company’s flagship movies in coming years as it looks to invest $1 billion in content between now and 2024, it said.
Studiocanal, which celebrates it 30th anniversary this year, is doubling down on the bear franchise with a third season of TV series The Adventures of Paddington, which is also made with Heyday.
During a Cannes presentation, the Euro studio also confirmed the Kaley Cuoco project Role Play, which we revealed today, and confirmed that long-in-the-works Benedict Cumberbatch movie War Magician, with Colin Trevorrow attached to direct, is due to begin in 2022.
Cumberbatch-starrer The Electrical Life of Louis Wain is due to release this fall, while in development with Tom Hanks’ production company Playtone is In The Garden of Beasts.
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“Studiocanal is now the most strategic asset for the Canal+ Group and we are accelerating significantly to capture major opportunities: a global fast-growing market, a worldwide appeal for European culture, an ability to both leverage the strength of the Canal+ platform worldwide and to work with all key players in the market,” Studiocanal chairman Maxime Saada said. “This is why we are progressively building Europe’s answer to a Hollywood studio, an ambition rooted in Vivendi’s DNA. Above all, we have the teams and financial resources to achieve this ambition and Studiocanal has recently taken a major turn under Anna Marsh’s leadership.”
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