NUSAJAYA: Iskandar Malaysia Studios Sdn Bhd (IMS) is positioning Pinewood Iskandar Malaysia Studios as the preferred location for filming and television-related activities in the region.
Chief executive officer Michael Peter Lake said growth prospects in the film-making industry would be good in years to come and would create economic opportunities for Iskandar Malaysia.
“Prospects in the film-making industry will not only come from the region but also from the United States as well as Europe,’’ he told reporters following the signing of a joint venture agreement between Imagica Corp, a unit of Imagica Robot Holdings Inc, and Candelon Ventures Sdn Bhd, a special purpose vehicle of Khazanah Nasional Bhd, for the setting-up of a post-production facility, Imagica South East Asia Sdn Bhd at Pinewood Iskandar.
Signing on behalf of Imagica were president Yukihiro Fujikawa and strategic business development head Shinichi Noguchi while Candelon director May Quah Bee Fong represented the company.
“It is a win-win situation for both parties with us having world-class facilities at our studios here and our Japanese partner’s expertise as a strong selling point,’’ he said.Lake said Candelon and Imagica would jointly market the post-production facility at the studios and the latter would be banking on its 78-year experience and global reach to attract clients from around the world.
Lake said Johor Baru could be the next Bangkok in the post-production-related services as Malaysia was now ready to go all out in the filming and television industry.
He added that apart from offering services in film making, Pinewood Iskandar had a wide range of facilities, a tank that could store 10,000 litres of water as well as facilities to produce TV series and post-production work.
Meanwhile, Noguchi said it would be 30% cheaper by having a post-production facility in Iskandar Malaysia, compared with Japan and competitive costing would be the main criteria to attract clients here.
“Our decision to invest RM9mil overseas, the first for us in 78 years is largely due to the high operating cost in Japan and Iskandar’s strategic location at the crossroad between East and West,’’ he said.