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.
“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.”