Singapore's Upside Down Entertainment (UDE) has signed a $10m deal with US film finance company Cinema Solutions Inc (CSI) for two English-language feature films that the company will produce for the international market.
CSI will provide up to 80% financing of romantic comedy Accidental Love, which is a quirky love story set in a flower shop, and Sky Pirate, an adventure thriller about a thief who steals from high-rise apartments and falls in love with a victim.
Both pictures will be shot mainly in Singapore with a cast of Western and Singapore actors. Filming is due to start in the second half of next year for a 2009 release.
'There has been tremendous growth in creative talents in Asia. We are bringing Western and Eastern funding models to bring financing to the many strong stories coming out of our region,' said Chan Gin Kai, executive producer of UDE and Upside Down Concepts, today during the Media Financing Forum at the Shangri-La Hotel in Singapore, one of the events under the umbrella of the Asia Media Festival.
UDE is a joint venture between Singapore's production house Upside Down Concepts and Mark Byers' Quixotic Media Group of the US, a multi-Emmy nominee.
As previously announced at this year's Hong Kong Filmart, UDE is backing Siege of Hong Kong trilogy (formerly known as Battle of Hong Kong) which is now due to begin production in the second quarter of 2008.