According to The Hollywood Reporter, Albie Hecht's Worldwide Biggies and Madrid-based Ilion Animation Studios are teaming to produce the $50 million CG theatrical release Planet One. Shrek and Shrek 2 scribe Joe Stillman will pen the script.
The story chronicles an alien race that is terrified of a human invasion. Hecht and Ilion's Ignacio Perez Dolset will produce the film, which is in preproduction and slated for release in first-quarter 2008. "It's a terrific formula for a hit CG project", said Hecht, who described the film as a melding of a retro Salvador Dali look with a pop culture-infused sensibility.