Two Australian production companies have formed co-ventures with China which will see seven animated feature films produced over the next three years. In a related move, the major Chinese partner in the co-productions, Shanghai Hippo Animation Design, intends to launch a fund in Australia which will co-finance animated films. The projects were announced at the Screen Forever conference on Wednesday during a panel session entitled Working with China: Where Are We At? The Australian producers are the Zac Media Group and Alan Lindsay.s Vue Group. Xu Kerr, Shanghai Hippo Animation Design CEO, said the Chinese partners will fund 80% of the seven projects with the balance from Australia, presumably using the 40% producer offset. He told If the film fund will aim to raise $10 million initially, with an eventual target of $50 million, and it would invest in projects from development through production. Zac Media Group founder/CEO/producer Troy Zafer said...
- 11/20/2013
- by Don Groves
- IF.com.au
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