Hank Tseng, the Taiwanese producer of horror franchise The Tag-Along and Netflix series The Victims’ Game, has launched a media fund that aims to invest in up to 15 feature film and drama projects over the next three years.
The venture, titled Tomorrow Together Capital, is the brainchild of Tseng with his Taipei-based GrX Company acting as general partner and Eastern Broadcasting and Taiwan Mobile as limited partners.
Tseng is head of the new fund, which has a target size of $17.4m (NT$500m), of which 50% has already been raised from its initial closing.
“This fund is the first of its kind in Taiwan, which focuses solely on the film and drama sector,” Tseng told Screendaily. “We are looking for Chinese-language projects from Taiwan and other Chinese-speaking territories for the initial phase. Our long-term goal is to create a competitive advantage for Taiwan to steer into the international markets.”
At the launch event, he also announced the rebranding of his firm Greener Grass Production as GrX Company, which will see Phil Tang step up from general manager to head the outfit.
Tseng founded Greener Grass in 2008 and has become known for its mainstream genre productions such as The Tag-Along franchise. It is now in production on Chinese-language Netflix series Copycat Killer, a crime thriller based on Miyabe Miyuki’s Japanese novel of the same name.
Greener Grass is also known for acclaimed drama series such as Wake Up and more recently Hakka-language period drama Gold Leaf.
Taiwan Mobile is a leading Taiwanese telco which has invested more than $3.5m (NT$100m) through its OTT service myVideo in more than 30 film and drama projects in recent years. Upcoming projects in which it has co-invested include Mr Hito and Q Series II: The Mysterious Mr X.
Taiwan’s Minister of Culture Li Yong-De, Eastern Broadcasting chairman Lin Wen-Yuan, Taiwan Mobile vice president Daphne Lee were among the guests who attended the launch.
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