New studio for Thailand
A new studio has been created by four Thai companies with the aim of supporting the growth of the Thai film industry at an international level.
M Pictures, Bangkok Film Studio, True I-Content and Matching Studio will be the force behind Transformation Films, which has $5.5m (baht175m) in registered capital.
According to the Bangkok Post, the company aims to produce at least six movies per year with an estimated revenue of $9.4m (baht300m). Its first film, Tukkae Rak Pang Mak (Chiang Khan Story), will be released tomorrow.
Roughly 70% of revenue will derive from ticket sales and the remainder from content sales in all formats for both domestic and foreign markets.
Speaking to the Bangkok Post, chief executive Sa-Nga Chatchairungruang said: "We see the Thai movie industry has a bright future, particularly exporting titles to China, where they love Thai stars and share common interests.”