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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Asia Pacific World Disney to close Robert Zemeckis's digital studio AFP - Sunday, March 14 Send IM Story Print LOS ANGELES (AFP) - – Walt Disney Studios is pulling the plug on Robert Zemeckis's ImageMovers Digital studio near San Francisco by next January in a bid to cut costs. The studio's activities will gradually wind down as it completes production for "Mars Needs Moms" and its 450 employees will be fired, Disney said Friday. The move comes after Zemeckis's big-budget "A Christmas Carol" failed to gather enough steam at the box office. Zemeckis's motion-capture technology was also eclipsed by more advanced blockbusters like James Cameron's "Avatar," which has grossed more than 2.5 billion dollars worldwide. "Given today's economic realities, we need to find alternative ways to bring creative content to audiences and IMD no longer fits into our business model," Disney Studios president Alan Bergman said in a statement. Disney and the Oscar-winning director of "Forrest Gump," "Who Framed Roger Rabbit" and "The Polar Express" announced the creation of IMD in 2007. Despite closing the animation house, Disney said it was "hoping to create a long-term production deal" with Zemeckis and his IMD partners Jack Rapke and Steve Starkey for projects like developing a 3-D remake of the psychedelic animation film "Yellow Submarine." The feature was first released in 1968 and based on music by The Beatles. Recommend Send IM Story Print Related Articles US-ENTERTAINMENT Summary Reuters - 1 hour 9 minutes ago Cynthia Nixon receives award from gay organization Reuters - 1 hour 9 minutes ago Ex-Disney animator brings Hollywood to Nepal AFP - Sunday, March 14 Disney to close Robert Zemeckis's digital studio AFP - Sunday, March 14 French conductor aims to brings Western music to China AFP - Sunday, March 14 News Search Top Stories Strike-hit Greece awaits EU budget verdict Fierce debate expected at Fed policy meeting Growing doubts over standard prostate cancer test Athens reaches deal in submarine row: minister General Dynamics to win British army contract: FT More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Prince Philip in strip club gaffe Growing doubts over standard prostate cancer test 'Britain's Fritzl' raped daughters for over 25yrs Wall Street faces Fed meeting with momentum Lehman failure 'fault of managers, banks, auditors' More Most Viewed » Chile quake moved Earth's axis, shortened days: scientist Experts confirm asteroid wiped out the dinosaurs 'Britain's Fritzl' raped daughters for over 25yrs Florida killer whale to stay in park after deadly attack Researchers back cancer-fighting properties of papaya More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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