LAIKA Entertainment, which will produce animated films in the $50 to $70 million dollar range, has greenlit Coraline, based on the Hugo Award-winning, international bestselling children's book by Neil Gaiman. Henry Selick will direct the feature length CGI animated project, which LAIKA will produce in association with former Fox Filmed Entertainment Chairman and CEO Bill Mechanic and his Pandemonium films. Mechanic is the producer of Dark Water, currently in theaters, and executive producer of Terrence Malick's upcoming release, The New World.
