AFM: Singapore's VEGA, BABY! Launches Production and Financing Fund (Exclusive)

1:41 PM PST 11/11/2013 by Clifford Coonan
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Salma Hayek

The Salma Hayek-starrer "Everly" will be the first movie to emerge from the venture, which is seeking future projects.

Singapore-based film finance and production outfit VEGA, BABY! has made its debut at the American Film Market, with the Salma Hayek-starring Everly the first film to emerge from the fund.

"We are interested in working with multiple partners," CEO Ricky Budhrani told The Hollywood Reporter, adding that the group was in a strong position to bring funding to the table for the right projects.

The company is aggressively looking for new films and partnerships and plans to finance and produce two to three pictures per year, with the initial focus on action movies.

"For now our interest is being successful with the first few projects. Action is of great interest and we will probably lean on action films for now," said Budhrani. "We are actively seeking future projects, and introducing VEGA, BABY! to the market. There have been a lot of meetings and interest and we are going to take it very seriously."

VEGA, BABY! has representative offices in Hong Kong and Los Angeles and is backed by extensive resources in southeast Asia.

Joe Lynch’s action thriller Everly is the first film from this new venture, and company representatives are at AFM where Sierra/Affinity is handling international sales on Everly and presenting footage to distributors. 

Additionally, VEGA, BABY! is finalizing a production pact with Everly producers Adam Ripp and Rob Paris’ Crime Scene Pictures. Crime Scene will be sourcing and packaging projects as well as providing finance and production support for VEGA, BABY!

The movie also features Togo Igawa, Masashi Fujimoto and Hiroyuki Watanabe and is from a Black List script by Yale Hannon.

"Our company is driven by an extraordinary passion for cinema and a desire to collaborate with a new generation of filmmakers who share a unique vision for storytelling," said Budhrani.

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