Finalists bid on studio

Failed bidders unhappy with process, taking legal action

JOHANNESBURG — Western Cape Finance Minister Ebrahim Rasool on August 8 announced a shortlist of three preferred bidders for the Hollywood-style film studio complex to be built in the greater Cape Town area.

Videovision Entertainment’s Anant Singh is part of the Dreamworld Film City consortium with Cape Town businessman Mike McCarthy, while Los Angeles-based South African-based businessman Anton Nel is involved with Cape Town Motion Picture Studios. The other finalist is iKapa Film City, which is made up of among others the SA Film Finance Corporation and The Imaginarium, the South African producers of “Stander.

However, one of the failed bidders, Cape Town Motion Picture Industries, has initiated legal action against the Western Cape government claiming “dissatisfaction with the process.”

The black empowerment factor is expected to be crucial in deciding on the winner and all three shortlisted playets have ensured that they have a strong empowerment content.

The winning bidder is expected to be announced late in August or in early September once the technical commitee has done further evaluations.