Joint bid by HVD and Keris wins out
KUALA LUMPUR — The Malaysian government has selected the winning bid for two long-standing but underused state film agencies, the National Film Development Corp. (FINAS) and Film Negara Malaysia (FNM).
The victors are Home Video Distributors, a 17-year-old production and distribution banner, and Keris Motion, a consortium of 19 film and video producers that was launched in 1995, primarily to supply product to satcaster Astro.
The joint bid by HVD and Keris was preferred over rival pitches from private web TV3, leading newspaper group Utusan Melayu, TV producer Medanmas, TV commercials shop Gaya Film and Encorp, a property firm that owns upstart channel NTV 7, bidding in league with producer Limkokwing.
No prices were disclosed.
Keris sources say FNM will be upgraded and expanded as a production base, while FINAS will continue as a training and education center.