NEWS: China and Malaysia’s New Joint Venture to Boost SE Asia Film Industry1 min read
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Chinese entertainment tech firm VSOCloud has set up a joint venture company in Malaysia, with Prodigital Lab, part of leading local production and services firm KRU.
The new VSOCloud Southeast Asia will use the Suzhou-based Chinese parent’s rendering and crowd-sourcing platform to provide rendering services to film, animation and other creative businesses in South East Asia. It will be based at KRU’s existing facilities in the Bukit Jalil district of Kualu Lumpur and open its doors from July 1. The new company will also promote co-production and VSOCloud‘s Agile Shot production process management solutions.
“This is the beginning of an exciting new era for the Malaysian animation/film industry, and marks a significant milestone in the Malaysia-China relationship,” said Ahmad Idham Ahmad Nadzri, newly appointed CEO of Malaysian film regulator FINAS. “High-end rendering services are very much needed to deliver world-class visual effects and animation content. We hope this relationship will expand to other forms of collaboration in areas of co-financing, coproduction and distribution.”
Photo credit: Variety/KRU
