Financier Library Pictures International and Korean studio Cj Entertainment, producer of the multi-Oscar winner Parasite, have entered into a multi-year, multi-picture slate co-financing deal covering local-language film productions in Indonesia, Vietnam and Turkey.
Under terms of the deal, Library will fund up to 50% of the budget of Cj Entertainment-led local-language productions in each of the three growing markets.
Cj Entertainment has actively expanded its presence in Southeast Asia and Turkey, producing such films as Satan’s Slaves, the highest-grossing horror film of all time in Indonesia; six of the top 20 local films in Vietnam, including Sweet 20, one of their highest-grossing films of all time, and a re-make of their hit Korean film Miss Granny; and investing in and distributing hit films Aile Arasinda and Kogustaki Mucize in Turkey in the last couple of years.
“Cj Entertainment has been a powerful supporter of creative voices, not only in Korea but in several markets around the world,...
Under terms of the deal, Library will fund up to 50% of the budget of Cj Entertainment-led local-language productions in each of the three growing markets.
Cj Entertainment has actively expanded its presence in Southeast Asia and Turkey, producing such films as Satan’s Slaves, the highest-grossing horror film of all time in Indonesia; six of the top 20 local films in Vietnam, including Sweet 20, one of their highest-grossing films of all time, and a re-make of their hit Korean film Miss Granny; and investing in and distributing hit films Aile Arasinda and Kogustaki Mucize in Turkey in the last couple of years.
“Cj Entertainment has been a powerful supporter of creative voices, not only in Korea but in several markets around the world,...
- 10/26/2020
- by Andreas Wiseman
- Deadline Film + TV
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