Singapore, 11 May, 2017 – mm2 Entertainment Pte. Ltd., a subsidiary of mm2 Asia Ltd. (“mm2 Asia” and together with its subsidiaries, the “Group”), has entered into a non-binding Memorandum of Understanding (“MOU”) with Pinewood Iskandar Malaysia Studios Sdn Bhd (“PIMS”) and Rhizophora Ventures Sdn. Bhd. (“RVSB”), which will kick-start a collaboration between the three parties to produce content and promote PIMS across the region.
The MOU calls for a strategic partnership and co-investments by mm2 Asia and RVSB to produce up to 12 movie projects and up to 5 dramas in PIMS over the next three years.
“We are very excited about this tripartite partnership which will provide excellent opportunities for our creative talents in the region to produce top-notch content. As the strategic collaboration partner of Pinewood Iskandar Malaysia Studios, our producers and directors have ready and convenient access to their world class facilities. Along with the valuable support and funding of Rhizophora Ventures, the Iskandar region will be abuzz with our production activities. This will in turn attract more international industry partners there.” said Mr Chang Long Jong, CEO of mm2 Asia.
“This partnership with mm2 is an important step in our goal to create a sustainable creative content industry in Iskandar Puteri,” commented Michael Lake, Group Managing Director, of RVSB.
“This collaboration marks another milestone in PIMS, reaffirming its reputation as a production hub for the region, providing industry leaders with a state-of-the-art facility with unique on-the-ground resources and competitive production costs,” said Rezal Rahman, CEO of PIMS.