The Kickstarter project for a Dragon's Lair movie is no more, but not because the project failed. Despite reaching almost half of its funding goal of $550,000, director Don Bluth, in an update on the Kickstarter page, has announced the Kickstarter's cancellation, saying the crowdfunding project will instead be shifting to a new Indiegogo campaign.

"We'll all be back in action on Tuesday, December 1st with a stronger, more valiant campaign we modeled after many of your suggestions," reads the announcement.

Bluth and others associated with the project sought to raise $550,000 in order to create a 10-minute proof of concept video. The end-goal was to then use that concept footage to peak the interest of investors and secure the estimated $70 million needed to create a full-length Dragon's Lair feature film.

Why the decision was made to focus on an Indiegogo campaign over Kickstarter wasn't explained in the final update, but as with most things, it likely comes down to money. Unlike on Kickstarter, project creators get to keep money pledged to an Indiegogo campaign, even if the campaign fails to reach its goal. It's unclear if the Dragon's Lair Indiegogo campaign will be seeking more (or less) money than the original Kickstarter project. It is, of course, possible the team will once again be seeking to raise $550,000, but this time will be able to keep money earned that doesn't quite reach that lofty goal.

The Dragon's Lair movie would be modeled off the 1983 arcade game of the same name. Bluth, who is known for his work on animated projects like An American Tail and The Land Before Time, did the animations for the original game and would return for the full-length movie.

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