Four joint venture funds, launched by Taiwan’s TAICCA and local companies, have invested in 27 projects including an Off-Broadway musical.
The funds have invested $22.5m (NT$740m) in the projects, which have also attracted $149.5m (NT$4.9bn) in private investment, bringing the total to $172m.
At Taiwan Creative Content Fest (TCCF), Enjoy Entertainment Limited Partnership, momomini Kids Content Fund, Joint Journey Creative and Chunghwa Digital Cultural and Creative Fund assembled to present their investment achievements over the past year and outline their future strategic plans.
TAICCA chairperson Sue Wang said that the investments span film, TV, performing arts, music, and performance and exhibition facilities, while joint investment and co-production partnerships have expanded to nine countries: Japan, South Korea, France, US, UK, Singapore, Thailand and Brazil.
“TAICCA serves as a bridge connecting investment funds,” she said. “Through professional evaluation and risk-sharing, we are able to adopt a forward-looking approach to planning and investment decisions, bringing together private capital to help Taiwanese cultural content reach international markets.”
The four joint ventures demonstrate how TAICCA works with private sector partners to bring together diverse sources of capital and industry expertise, helping Taiwan’s cultural content reach commercial markets and expand internationally.
Enjoy Entertainment Limited Partnership has invested in 15 projects within a year of its launch. These include VMTheatre Company’s Don’t Cry, Dancing Girls The Musical, billed as the first Taiwanese musical to reach Off-Broadway in New York; the “ID. Music Festival,” created in collaboration with Spotify; and Her Voice concert, featuring female performers from Taiwan and South Korea.
General manager Gary Tsai, who is also FET Entertainment Service COO, said: “International co-production is a key theme of this year’s TCCF Forum and a continued focus for FET. Through friDay Video, content investment, and cross-border partnerships, we aim to help Taiwanese productions expand into international markets, bring quality global content to local audiences, and create more opportunities for local talent.”
momomini Kids Content Fund has invested in six projects for youngsters since last December, including three animated productions, two programmes, and one original drama, Hello, Mr. President!, which previously received an Excellent Screenplay Award from Taiwan’s Ministry of Culture.
Chief operating officer Tsai Hsing-chen said that children’s content had long been overlooked in Taiwan. Building on its original commitment to nurturing talent over the past seven years, with support from TAICCA, Fubon established the fund with the aim of bringing original Taiwanese children’s stories to wider audiences and growing the next generation of talent.
Joint Journey Creative continues to expand its involvement in original Taiwanese films and international IP collaborations, from genre films such as The Damp, All Money Back My Home, and Suffocation, to participating in the international production of the sixth season of popular Japanese series Midnight Diner.
Chairperson Joanne Tsai said that the company has established a Japanese subsidiary JJC Japan and worked with Korean partners to develop original screenplays, while expanding its collaborations into Europe and Hollywood.
Chunghwa Digital Cultural and Creative Fund was jointly established by Chunghwa Telecom, TAICCA, and E.SUN Financial was officially launched in May this year, making it the newest of the four funds. Through financial investment, strategic support, and international collaboration, the fund supports the development of Taiwan’s film, TV, music, immersive performance and exhibition projects.
President Lin Kun-feng said that the fund also takes a long-term approach to equity investment, with the goal of building a mutually beneficial ecosystem.
No comments yet