"The Bremen Town Musicians" is a fairy tale that tells the story of a rooster, a donkey, a cat and a dog who form a band to win a music contest in Germany.
Kevin Richardson, founder of Parallax, says that the film will be a combination of "Shrek," "Frozen" and "Lord of The Rings."
Deadline reports that the film, which will feature close to 3,200 storyboard images and paintings, is currently eyeing a release in 2017.
Richardson will also serve as executive producer of the feature. In a statement he said, "I’ve always wanted to see an animated feature that shows characters focused on overcoming seemingly insurmountable obstacles, inflexible cultural beliefs and self-doubt."
The project will be featured for private viewing at this week’s American Film Market.