Shrek producer John Williams and sales company Odyssey Entertainment have teamed on Happily N'Ever After, their second animation production following $40m hot seller Valiant.

Odyssey has also boarded Renaissance, a sci-fi animation thriller being associate produced by Jake Eberts and involving such talent as dance outfit Daft Punk which Disney will distribute in the US and Canada.

Happily N'Ever After is a comedy twist on popular fairy tales featuring the voices Freddie Prinze Jr and Sarah Michelle Gellar. The CGI film will tell the story of how the wizard in charge of Fairy Tale World goes on holiday and Cinderella's wicked stepmother takes over the world, which is home to characters such as Little Red Riding Hood, The Seven Dwarves and Rapunzel.

Williams will produce for Vanguard Animation, with Rainer Soehnlein executive producing for Berlin Animation Film. Paul Bolger is directing from a script by Robert Moreland.

In addition to Buena Vista in North America, Pathe is distributing Renaissance in France. Set in Paris in 2037, the film follows a policeman investigating the kidnapping of young scientist through the jungles that are the militia-governed districts of Paris.

Aton Soumache is producing for Onyx Films and Roch Lener for leading French animation company Millimages. Christian Volckman, Oscar nominated for animated short Maaz, is directing.

"Animation has been a core part of our business since Odyssey's inception some 18 months ago," said Odyssey's Ralph Kamp and Louise Goodsill. "It is a credit to our team and a source of great pride that we are building up a portfolio of genuinely unique properties in this area, working with established partners and exciting new talents alike."

Odyssey's slate includes the $83m The Phantom Of The Opera, Valiant, The Libertine, with Johnny Depp, John Malkovich and Samantha Morton, and the VeggieTales franchise. Odyssey recently boarded Old Man Johnson and Seeing Other People from Gavin Polone's Pariah.