The companies say that the deal is valued at $250 million, making it the biggest animation film cooperation in Asia, and the first ever China-Singapore-Thailand animation co-production.
Wings Media is part of Oriental Pearl Group and a wholly owned subsidiary of China’s 2nd largest media group, Shanghai Media Group.
Despite insistence that the films are intended for theatrical release, the announcement was made at the Mipcom TV market in Cannes. The partners have not yet decided international distribution strategies or channels. “Shellhut and Tiny Island Pictures’ next step will be to talk with American and European partners,” said David Kwok, Tiny Island CEO.
“Dream Defenders,” the first film produced by the joint venture will integrate Wings Media’s sci-fi centric hit reality TV series Starship Mz: 2049 with Tiny Island