A West Midland computer graphics company is raising £18.5 million to produce a movie of composer Jeff Wayne's hit musical, The War of the Worlds.
Synthetic Dimensions says the two-year project will create up to 90 jobs for graphics specialists and office staff.
The Wolverhampton company is inviting investors to contribute 18.5 per cent each in exchange for a 50 per cent share in the ultimate profits.
They will also get a share of the merchandising revenues.
When completed it is expected to be the biggest computer graphic film ever made in the Britain and the most expensive.
The 95-minute film is due to be released in 2007.
Spokeswoman Kate Copestick described the project as "mind blowing " and said the company was delighted to working with Mr Wayne, whose music has won numerous awards throughout the world.
She said Mr Wayne had approached Synthetic Dimensions with a view to making a film version of the record after meeting John Chappell, a former partner who still has links with the company.
The War of the Worlds, which has nothing to do with the new movie of the same name, has become one of the biggest selling music albums of its kind since it was first released nearly 30 years ago.
More than 13 million copies have been sold worldwide and has made the Top Ten in 22 countries.
An exhibition of the associated artwork is being staged at St Paul's Gallery in the Jewellery Quarter to coincide with a digital remix of the original recording.