A new company,Frederator Films, was announced today that is focusing on 2-D animated features. First up is Samurai Jack with Genndy Tartakovsky set to write and direct.

They have two other projects in the works as well. One is THE NEVERHOOD, bases on the game - and THE SEVEN DEADLY SINS, which is some sort of hip hop project.

Each project will have a budget below $20 Million.