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New studio for Thailand

thailand film studioA 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.”