In January 2009, Imagi's auditing firm announced that the studio lacked funding to complete the release of "Cat Tale" (which was to have been released by Metro-Goldwyn-Mayer) and "Gatchaman" and art director Felix Ip reported that "Gatchaman"'s release was not expected until later in 2009. In June 2009, Imagi opened "Gatchaman" to licensing partners and announced a 3D theatrical release for 2011. in October 2009, Imagi released "Astro Boy", based on the manga series of the same name, the film was a box-office bomb, losing the company $23 million in the process.