MediaCorp Raintree Pictures has boarded Irresistible Films, a film production fund for young directors that is being launched from Hong Kong.
The Singapore state-backed enterprise will take an equal share in the fund besides its two founding groups Bill Kong’s Edko Films with banker Hugh Simon and Japan’s Avex.
Irresistible, run by veteran producer Nansun Shi, is armed with $25 million and aims to deliver four to six commercially oriented films per year, each with budgets in the $1 million – $3 million range.
Fund has already greenlit two movies, “Strawberry Cliff” and “Claustrophobia,” both by established screenwriters making their helming debuts. “Claustrophobia,” by Ivy Ho and starring Ekin Cheng and Karena Lam, will bow in competition next week at the Tokyo Fest.
Raintree, which this year celebrated its 10th anniversary, is already partnered with Avex and Edko on “Dance Subaru,” a Lee Chi-Ngai-helmed comicbook adaptation about a ballerina who stays true to her dreams despite the odds. Starring Meisa Kuroki, Sano Miku, Korean music sensation Ara and veteran Japanese actress Momoi Kaori, pic will be released in 2009.