According to the tweet of Anime!Anime! representative, IG Port has announced cancellation of Production I.G's new anime project "Titan Rain" at the general meeting of stockholders. Storm Lion, the collaborator in Singapore, will take the responsibility for the loss caused by the cancellation. IG Port has already initiated another project with Singaporean companies.

Titan Rain official website

At the meeting, the president of Production I.G Ishikawa Mitsuhisa explained the reason for the deficit in the video production section that the elongation and the postponement of Higashi no Eden movies have augmented the expense, which had exceeded the budget.

Production I.G opened a pizza restaurant in their new building. Ishikawa said it's been successful so far.

Sources: abars official blog, Sudo Tadashi's tweet
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