Singapore – Salon Media Management, Singapore-based subsidiary of the Salon Film Group in Hong Kong, has announced the setting up of a S$100 million Integrated Media Fund. The IMF Fund will be used to produce a slate of feature films, TV series, animation and related interactive game development content over the next five years. It will leverage on Salon’s involvement in the Asia Alliance Partnerships – with partners including Yoshimoto Kogyo, a talent management agency from Japan and Hengdian World Studios, the largest studio facility in China – to finance, produce and distribute content from the Asia Pacific region. Supported by the Media Development Authority (MDA) of Singapore, the IMF Fund is positioned to offer cross Intellectual Property (IP)-platform content creation and media financing. It aims to groom talent and production skills in Singapore as well as the Asia Pacific. In the long run, the Fund aims to open the door to greater ease and efficiency for foreign companies seeking to produce motion pictures in Asia. The IMF Fund welcomes partnerships with banks, financial institutions and media companies in supported projects.
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