The signing of the Deal Memo of Intention between Wizart Animation and Flame Node about The Snow Queen 3: Fire and Ice co-production took place on August 4, 2015, in Beijing, with support of the Russian Embassy in China.
The head of the Flame Node Entertainment Feng Yi has commented: “Signing up to co-production on the SQ3 is a major decision for both Flame Node and Wizart. Given the peculiarities of filmmaking in China, we hope that this collaboration will emerge in a long-term partnership and development of the Snow Queen franchise. We are happy to work with Wizart since their projects are globally-known, targeting international audience and, from my perspective, are worth bringing to the Chinese market. We will sign the Deal memo of Intention, which shall be regarded as the first stage of our collaboration. In the upcoming months we will continue discussing the conditions of this partnership. Nonetheless, today we can say that the Chinese partner will take an active role in both the financial and creative sides.”
After the signing ceremony the general producer of Wizart Animation Yuriy Moskvin said: “The project is in the process of co-production and, at the moment, the budget is approximately $10,000,000, however, we believe that the number will grow when the preparation process is over”.