Tokyo-based animation and live-action producer and distributor Toei will spend $55 million on renovating and digitalizing their studio, per VARIETY.
The studio, in Tokyo's Nerima Ward, is four-story, 51,161 square feet facility for films, TV and animation production by their group companies. A highlight of the revamp is a new digital postproduction center to process images and sound, including advanced CG and 3-D work.
They will also have a new 21,251 square feet sound stage with state-of-the-art gear, scheduled to be completed in November 2009. The postproduction center should be completed by May 2010.
The renovation has been scheduled for four years.