Production JV to tap into South and East Asia growth markets.
The two will jointly develop, finance, produce and distribute content for the Chinese and other Far East Asian markets.
Details of their first title will be announced in Cannes.
The two appear intent on capitalizing on Tarantella’s connections in East Asia and India, and on making use of Medient’s Studioplex, a yet-to-be-completed movie and electronic game production facility on a 1,560-acre property in Effingham County, Georgia.
Tarantella, which was originally founded in Indonesia in 1995, has produced films including “Lagenda Budak Setan” and 2011’s “Ombak Rindu,” (pictured) the third highest-grossing Malaysian film of all time. It has also produced some 38 TV series with a combined output of over 1,000 hours for Indonesian broadcasters.
Medient, which has offices in Mumbai, India, has produced features including Indian drama “Mr Singh/Mrs Mehta” and British horror “Storage 24.” The company intends to produce a slate of 8-10 films per annum starting in 2015/16. It has acquired the venerable Munich based film sales company, Atlas International, as part of its strategy to become a vertically-integrated finance, production, sales and distribution force.
“Approximately 60% of the world’s population lives in Asia. We see a comprehensive presence in Asia as a cornerstone of our strategy for the future. This relationship will leverage our existing strength in the Indian market and create a viable pan Asian platform,” said Manu Kumaran, chairman of Medient Studios.