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Ivanhoe Pictures, a division of the Los Angeles-based production and finance company SK Global, is partnering with Ho Chi Minh City and Los Angeles-based Pacific Horizon Pictures to co-finance and co-produce a slate of local-language films in Vietnam, it was announced Tuesday by Ivanhoe president-CEO John Penotti and president of international production. Michael Hogan.
The slate of Vietnamese-language theatrical features will include a remake of the Indian survival drama Trapped. Ivanhoe and Pacific Horizon are also pursuing the joint acquisition of the Vietnamese remake rights to the Colombian thriller The Hidden Face.
Under the new partnership, both companies will co-develop material, Ivanhoe will co-finance and Pacific Horizon will executive produce the projects for audiences in Vietnam.
“We have been looking to produce for the Vietnamese market for some time and have found an ideal partner in Pacific Horizon Pictures. Their insight and understanding of the Vietnamese film industry is invaluable and we are eager to continue expanding Ivanhoe’s local-language slate with this exciting partnership,” Penotti said in the announcement.
Added Pacific Horizon partners Rick Ambros and Louie Nguyen: “Vietnam is a booming theatrical market. We look forward to working with Ivanhoe Pictures to bring proven international content to Vietnam. We are also thrilled to bring U.S. funding to exciting Vietnamese film projects.”
Ivanhoe’s upcoming projects include the Warner Bros. co-production Crazy Rich Asians, produced with Color Force’s Nina Jacobson and Brad Simpson, directed by Jon Chu and starring Constance Wu and Michelle Yeoh, which is set for release in the U.S. on Aug. 17; and the three-part Netflix series Ghoul, a Hindi-language thriller produced by Ivanhoe, Blumhouse Productions and Phantom Films, which is set to premiere on Netflix India later this year.
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