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Japanese post-production company Imagica has entered into a joint venture with a holding company backed by the Malaysian government to launch a cutting-edge digital post-production facility at the new Pinewood Iskandar Studios complex in Malaysia.
The new entity, Imagica International Asia, will be 49 percent held by Tokyo-based Imagica and 51 percent owned by Candelon Ventures, a vehicle created by the Malysian government’s strategic investment fund, Khazanah Nasional Berhad. The company will begin work on its first clients’ projects in March.
Yukihiro Fujikawa, president of Imagica, said in a statement that they will target major Hollywood feature films and TV shows as post-production clients, along with companies from across the Southeast Asian region.
The new Malaysia-based facility will also provide digital distribution services, such as digital cinema delivery and digital distribution management, and archiving and restoration services, the companies said.
“With Japanese creativity and quality, Imagica SEA will challenge the world market in collaboration with Pinewood Iskandar Malaysia Studios,” Fujikawa added. “As one of the leaders in Japan, Imagica will promote the digital distribution for content holders aiming to venture out to new markets in Southeast Asia.”
Opened last May, Pinewood Iskandar Malaysia Studios is a $120 million joint venture between Khazanah Nasional and U.K.-based Pinewood Studios, where J.J. Abrams‘ Star Wars: Episode VII will be produced. The facility boasts five film soundstages totaling 100,000 square feet, two 12,000-square-foot HD-equipped TV studios, post-production suites, a 10-acre backlot for exterior set construction and 35,000 square feet of production office space.
Imagica says it accounts for approximately 20 percent of Japan’s post-production market. The company has been in business for 78 years and operates six offices in Tokyo.
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