The Anime News Network is reporting that anime powerhouse Gonzo Digimation has signed a contract with Hasbro to create a G.I. Joe OVA (original video animation).  At this point no details concerning the nature of the project have been released, though given Gonzo's facility with computer animation, it is likely that the G.I. Joe OVA will be a 3-D digital animated work.

Meanwhile, back in the U.S., Paramount Home Video will release an 80-minute domestically produced G.I. Joe film, entitled G.I. Joe: Valor vs. Venom, on September 14.  This computer-animated feature is going direct to video and will be available for an S.R.P. of $19.99.