Ted grosses $4.38m in Australia on previews and $54.87m in North America, a very pleasing result for Melbourne effects house Iloura.
The retelling of the fairytale, which had Aussie cinematographer Grieg Fraser on board, and the animated adventure Brave, pushed Prometheus into third position.
The 3D documentary releases in Australian cinemas in August, supported by a game, ebook and webisodes
The toy distributor and manufacturer owns Madman and some of the funds will help drive digital distribution
Tim Winton's cloudstreet and Selling Houses Australia Extreme were the biggest winners in the program categories.
The annual event also serves as a networking forum for broadcasters and filmmakers in the Oceania region
SPAAmart film Wake Up Dead, by debut director Joel Kohn and starring Alex Russell, is likely to be the first film out of the stalls.
Yorgos Lanthimos takes top prize at Sydney Film Festival but Rachel Ward says many of the films have reasons for winning.