Australian manga, The Dreaming is set to become a A$10-12 million ($8.85-$10.6 million) 3-D live action film and one of the first movies to be produced by Oz sales agent Odin’s Eye.
The story by Queenie Chan is a Tokyopop original and will see the LA- and Japan-based Tokyopop co-produce. Kate Woods (Looking for Alibrandi) is set as director.
The screenplay, about creepy goings-on at an all-girls boarding school in the bush, is being written by S.P.Krause and Shayne Armstrong.
The title is a reference to strange dream sequences experienced by twins at the school. “We’re pitching this somewhere between The Shining and Picnic at Hanging Rock,” says Wendy Howell, Odin’s Eye, sales and development executive.
Regional funding body, Screen New South Wales has already provided development funding. Production funding will come from a mix of the Producer’s Offset, private equity and pre-sales.
Production of The Dreaming is likely to get underway next month or July in order to complete delivery by April or May next year.
“Our target is to make sure that we can ride the Tokyopop mania that will accompany next year’s Priest,” said Howells. Priest is a $70 million manga adaptation direct by Scott Stewart, starring Paul Bettany and Maggie Q (李美琪) and release in 2011 by Sony Pictures.
Odin’s Eye is also selling surfing documentary Going Vertical, zombie movie Damned By Dawn and female-skewed romantic comedy Jucy.