Imagica South East Asia will offer comprehensive digital post production facilities in the region from March 2014. It also plans to use the Iskandar base to provide digital distribution services, such as digital cinema delivery and digital distribution management, archiving and restoration.
The company is structured as a joint venture between specially created subsidiary Imagica International Asia and Candelon Ventures. Candelon, a company belonging to Malaysian government investment fund Khazanah Nasional Berhad will hold 51% of the venture.
“[Imagica SEA ] will target major Hollywood feature films and televisions. With Japanese creativity and quality, Imagica SEA will challenge the world market in collaboration with Pinewood Iskandar Malaysia Studios, said Yukihiro Fujikawa, Imagica president.
“As one of the leaders in Japan, Imagica will promote the digital distribution for content holders aiming to venture out to new markets in South East Asia. IMAGICA will be hub of the circulation of Japanese content development overseas,” he added.
“This serves as Khazanah Nasional Berhad’s continuous commitment to build a strong ecosystem around Pinewood Iskandar Malaysia Studios,” said Mike Lake, Candelon spokesman and head of the studio.
The PIMS facility was given a soft opening late last year and was supported by the launch of a production rebate system. Located in the South of Malaysia, close to Singapore and Indonesia, it is intended to boost production within South east Asia and to attract international productions to the area.
It is currently preparing to house the 9-episode “Marco Polo” series produced by The Weinstein Company for Netflix. The series is created and executive produced by screenwriter John Fusco and is directed by the “Kon-Tiki” team of Joachim Ronning and Espen Sandberg.