SINGAPORE -- Singapore's Media Development Authority opened a week of media business and conferencing activity here Monday by announcing the establishment of the country's first Film Production Loan Guarantee Facility.
The announcement came on the eve of today's opening of the Media Financing Forum and Wednesday's annual regional TV programming market, the Asia Television Forum, together with the Asia Film Market and Conference.
The LGF facility is the outcome of a collaboration between the MDA and RGM Holdings, a talent management, executive production and media financing company. It is designed to involve local producers in the production of international films, the two companies said at a press briefing in Singapore.
The facility will be used "as a catalyst to partially finance at least six international films" with a total budget of $52 million, the companies said. RGM, which will invest in as well as executive produce the films, will retain all rights.
The first two international films to be partly financed by the LGF are The Girl in the Park (starring Kate Bosworth and Sigourney Weaver) and Pushing Up Daisies (starring Rose Byrne and Jay Baruchel).
The announcement came on the eve of today's opening of the Media Financing Forum and Wednesday's annual regional TV programming market, the Asia Television Forum, together with the Asia Film Market and Conference.
The LGF facility is the outcome of a collaboration between the MDA and RGM Holdings, a talent management, executive production and media financing company. It is designed to involve local producers in the production of international films, the two companies said at a press briefing in Singapore.
The facility will be used "as a catalyst to partially finance at least six international films" with a total budget of $52 million, the companies said. RGM, which will invest in as well as executive produce the films, will retain all rights.
The first two international films to be partly financed by the LGF are The Girl in the Park (starring Kate Bosworth and Sigourney Weaver) and Pushing Up Daisies (starring Rose Byrne and Jay Baruchel).
- 11/27/2006
- The Hollywood Reporter - Movie News
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