It depends on what he's going for. If he's pushing a traditional, hand drawn project, he's going to find few ears listening no matter how much money he puts into a pitch. The major studios have shutdown their traditional animation operations.
Everything is at least digital now.
Now if he's just going for a traditional style, but rendered on computers, he's got a much better shot at appealing to some of the studios.
That's just the nuts and bolts of the movie. Content wise, how willing are studios going to be to take on Dragon's Lair subject matter in the current cultural climate?