Xing Xing Digital

Escape-from-Planet-Earth

Sale of Rainmaker’s animation studio to Xing Xing Digital collapses

The maker of the big-budget sci-fi Escape from Planet Earth (pictured) says in a statement it will focus on existing business and explore alternative transactions.

Escape-from-Planet-Earth

Shareholders OK Rainmaker sale to Xing Xing Digital

The deal, unveiled in June, includes possible revenue from Escape from Planet Earth (pictured), Rainmaker’s current big budget project.

Escape-from-Planet-Earth

Rainmaker sells animation studio to Xing Xing Digital

The deal sees the Beijing company assuming $7 million in debt and all studio real estate property leases.