Shellhut Entertainment Co.Ltd. and Tiny Island Pictures will sign a 10-feature film co-production MOU with Wings Media, a member of Oriental Pearl Group and a wholly owned subsidiary of China’s 2nd largest media group, Shanghai Media Group.
The first two named is a joint venture between Thailand’s Shellhut Entertainment Co.Ltd. and Singapore’s Tiny Island Productions.
The cooperation will be confirmed at its signing ceremony at MIPCOM 2017. Valued at an estimated USD$250 million, this will be the biggest animation film cooperation in Asia and the first ever China-Singapore-Thailand animation co-production.
The first film produced by the joint venture will integrate Wings Media’s sci-fi centric hit reality TV series Starship MZ: 2049 with Tiny Island Productions’ award-winning animated series Dream Defenders.
It is expected to be completed for release in 2020, with a new film based on a new IP to be rolled out each following year.
The long term goal will be to build China’s own version of the Marvel Cinematic Universe that will entertain audiences worldwide.
Shellhut Entertainment and Tiny Island Productions had earlier partnered to produce Shellhut Entertainment’s hit animated TV series project Shelldon.
This venture is part of the Shellhut Entertainment’s Strategy to expand its media footprint in Asia, and IPs from these films will be used to build theme parks in Thailand.
“We are dedicated to searching the globe for the best film and television content,” said Dr. Jwanwat (Tan) Ahriyavraromp, CEO of Shellhut Entertainment. “We are confident that this partnership will introduce the world’s audience to the new, exciting and unique flavors of Asia,” he added.
An international team of animation veterans will be assembled to lead the development and production of the films, led by director Paul Chung who has worked for feature film studios like Dreamworks, Walt Disney, Warner Brothers and MGM, on films such as Who framed Roger Rabbit, Space Jam, Shrek, Madagascar, Megamind and Jungle Book.
Wings Media views Shellhut and Tiny Island Pictures as important long-term partners and will use this partnership to lay the foundation for more extensive collaborations in the future to create more quality content for international markets.