MDA, CJ Entertainment, Bang Singapore and Asia Media & Technology Capital sign US$50 million film fund

The Media Development Authority of Singapore (MDA) has signed a memorandum of understanding with CJ Entertainment (CJE), Bang Singapore (Bang) and Asia Media & Technology Capital (AMTC), paving the way for a US$50 million slate of films to be produced out of Singapore over five years.

The film slate, which will be primarily sourced and produced by CJE and funded through a joint venture between CJE, AMTC and Bang, is expected to generate significant activity for Singapore film companies and talents covering the complete value chain of developing, investing, producing, and promoting of successful films.

Read more in Exec News.