CANNES — Producers will be rubbing their hands with glee in anticipation of a pact between the Media Development Authority of Singapore and Tiger Gate Entertainment, a joint venture by Lionsgate and Saban Capital Group.
The companies, which unveiled the pact Friday, are linking up to commission a slate of multiplatform action, horror and thriller genre projects “for markets worldwide over the next four years.”
This linkup marks the latest push to promote greater co-productions involving Singapore and international partners, and comes on top of the $1.1 billion private funds available in Singapore.
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The MDA-Tiger Gate partnership will seed production of genre movies for theatrical and television distribution in Asia as well as outside of the region.
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Projects will be jointly selected by Tiger Gate and MDA for co-investment, to be co-produced by successful applicants with their respective partners. Tiger Gate will rep all selected projects across all platforms — including theatrical — within Asia, while Lionsgate will manage all distribution outside Asia.
“The addition of the MDA-Tiger Gate initiative to our existing pool of funds translates immediately to greater opportunities for Singapore filmmakers,” promised MDA CEO Christoper Chia. “Through the alliance, green-lit projects will have access to Lionsgateπs extensive global distribution networks, providing Singapore filmmakers with a greater impetus to co-produce internationally marketable projects peppered with Asian sensitivities that resonate with the global audience.”
By partnering with the MDA, Tiger Gate, with its Thrill and KIX channels, aims to bolster its feature film and television programming.
Said Tiger Gate CEO William Pfeiffer: “There is significant synergy between MDA and Tiger Gate, and we believe the partnership will prove to be a win-win situation for all parties involved.”
