'Bait 3D' set up via Oz-Singapore treaty

3D shark movie to shoot on Australia's Gold Coast

CANNES -- Russell Mulcahy's big-budget, 3D shark movie "Bait 3D" has taken a bite out out of the Media Development Authority of Singapore's International Film Fund.

The catch makes Mulcahy's picture the first stereoscopic 3D project set up as an Australia-Singapore co-production under the Australia-Singapore co-production treaty signed in 2007. It also has pulled in cash from Oz federal body Screen Australia and regionally from Screen Queensland.

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"Bait 3D," in which tiger sharks threaten survivors trapped inside a flooded supermarket after a massive tsunami, is set to shoot on Australia's Gold Coast in July and is being sold at Cannes by Arclight.

The film is produced by Gary Hamilton of Arclight, Todd Fellman from Story Bridge Films, and Ian Maycock from Blackmagic Design. Executive producers are Chris Brown from Pictures in Paradise and Arclight's Mike Gabrawy.

"Our support for this film reaffirms our commitment to produce more stereoscopic 3D projects for the world's audience," MDA CEO Christopher Chia said. "We are very pleased that this is the first co-production with Australia and see this as a catalyst to more such projects."