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Rideback and Foundation Media are producing the adaptation, about an allergic 11-year-old who discovers pets are hiding an intergalactic secret.
‘Lilo & Stitch’ just delivered the biggest Memorial Day launch in Hollywood history.
The company wants to make the process of creating animation less expensive and complex.
“Unfortunately, things did not go as we had hoped,” said Michael Dante DiMartino, co-creator of the original animated show.
Warner Bros. gave up on a previous partnership with the toy company after their movies yielded diminishing returns.