Shangri-La Pictures signs $100 million film fund deal

MUMBAI: Shangri-La Pictures has stitched a $100 million film fund deal to finance a number of English commercial films for global distribution over the next three years.

As part of the agreement, a joint venture company based in Singapore has been formed between Shangri-La Pictures and Upside Down Entertainment. The venture will be financed by US-based Quixotic Media Group. The production of all projects in the film slate will be spearheaded by Shangri-La Pictures.

The first project to be produced through the fund will be SIN-JIN, a modern day action hero / adventure story, adapted from a comic book of the same name.

SIN-JIN will be directed by award winning director / cinematographer John Radel and produced by Singaporean producer Calvin Tan. The film is scheduled for a late 2010 worldwide release.

Said SIN-JIN director and Shangri-La Pictures co-director John Radel, "The aim of the fund is to create films set in Asia that can sell to international audiences, and we feel now is the right time to take the Asian films and target the mainstream audiences."

Some of the projects that the company will distribute include My Life With You, Reason To Live, Dying To Believe and Return To Shangri-La.

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