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Posted: Sun., Oct. 17, 2004, 12:05pm PT

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Regency gets into CG swim with 'Otter'

Storyline of 'Finding Nemo' in reverse

By CLAUDE BRODESSER

Regency will develop its first CGI pic, based on the bestselling "Ollie the Otter."

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Regency has inked a deal to develop its first computer-generated animated feature, based on bestselling kids book "Ollie the Otter" by Kelly Alan Williamson.

Storyline of "Ollie" is essentially "Finding Nemo" in reverse: It follows a courageous sea otter who leads a group of domesticated sea park friends to open water to save his family from perishing at the hands of a rogue and amazingly vain killer whale.

Regency will spearhead creative development on the picture in partnership with Williamson's CritterPix Studios. Fox-based studio also has the option of investing in CritterPix and of co-financing the movie's productions.

Fox has recently placed greater emphasis on creating family titles for its slate, but it's not yet clear whether Fox may offer to co-finance the Regency CG pic.