Former Village Roadshow Pictures CEO Greg Coote and Malaysian producer Leon Tan have launched DragonSlate Media.

The entity is backed by strategic investment from the Malaysia Venture Capital Management (MAVCAP) and the plan is to create a Malaysia-based pipeline of film and TV properties.

Coote and Tan (pictured) aim to put at least two projects into production in 2014 and will announce the first pair shortly.

LA-based Coote most recently served as chairman and CEO of fox’s former financing partner Dune Entertainment and was a founding president and CEO of Village Roadshow Pictures.

Tan serves as CEO of animation and post-production company Tripod Entertainment and produced Malaysia’s 3D animation War Of The Worlds: Goliath.

“Malaysia has dynamic and hungry filmmakers, award-winning expertise and talent, and a conducive environment to nurture a world-class film and TV production hub, backed by both public and private sectors,” said Coote.

“I’m thrilled to be part of this new venture to fully realise this great potential, and, having known Leon for some time, I can’t think of a better partner in Malaysia to make this happen. I believe the world will be surprised and impressed with the film and TV projects coming soon from DragonSlate and its Malaysian colleagues.”

“It’s a dream come true to have the support of Greg and MAVCAP – it’s a vote of confidence for DragonSlate and its future,” added Tan.

“We may be a start-up but already our slate is full of exciting projects in active development. I look forward to a long and fruitful partnership with Greg, and together we’ll provide a great showcase for Malaysian stories and talents, and put Malaysia firmly on the global map of world-class film-making.”