Deal worth $250 million will form the largest animation co-production ever between China, Singapore and Thailand.
CANNES -- Shellhut and Tiny Island Pictures have agreed to a 10-feature film co-production deal with WingsMedia, a member of Oriental Pearl Group and a wholly owned subsidiary of Shanghai Media Group.
Shellhut and Tiny Island Pictures, a joint venture between Thailand's Shellhut Entertainment and Singapore's Tiny Island Productions, announced the deal, which will be confirmed at a signing ceremony at MIPCOM 2017.
Valued at an estimated $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 WingsMedia'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 previously 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."
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 Bros. and MG, on films such as Who Framed Roger Rabbit?, Space Jam, Shrek, Madagascar, Megamind and Jungle Book.
“Paul has many years of experience working in the U.S. and U.K., and has been working in China recently,” said David Kwok, CEO of Tiny Island Productions. “Our goal is to create appealing characters and stories that will touch the heart of audiences in the East and West. Shellhut and Tiny Island Pictures' next step will be to talk with American and European partners, and we will have more exciting announcements coming soon.” Through the creation of new IPs, the company plans to expand its operations toward developing licensing and merchandising products.
"This collaboration will bring together science fiction from China and the rest of the world," said Shelan He, VP of Oriental Pearl Group and president of Shanghai WingsMedia. "I believe the co-produced films will showcase the best of China's culture, as well as expose China's audiences to the multicultural characteristics of Singapore and Thailand."
WingsMedia 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.
Source: Tiny Island Productions