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Hong Kong based animation studio, Imagi has aquired the rights from Tatsunko Production to produce a CG animated film based on the cult classic 70's anime, Gatchaman (Science Ninja Team Gatchaman). The studio is best known for producing the short-lived CG animated TV series, Father of the Pride for Dreamworks and its currently co-producing the Highlander anime (Highlander - Search for Vengeance) with Madhouse as well as producing the CG animated film, Teenage Mutant Ninja Turtle, schedule for theatical release in 2007. The Gatchaman movie will be directed by Kevin Munroe who will also be directing the TMNT movie. Here is the synopsis according to the press release:

The original Gatchaman story is centered around five young superhero ninjas engaged by the "International Science Organization" to oppose a group of technologically advanced villains, known as Galactor, from trying to take control of the earth's natural resources. To do so, the ninjas battle againest various giant monsters deployed by Galactor to capture rare resources.