Film One announces major fund to improve Nollywood films
FilmOne Entertainment, on Thursday, announced the launch of the first-ever international capital fund created specially for investment in a slate of Nigerian films.
The company is in partnership with Huahua Media, a Chinese company known for investing in ‘Godzilla: King of the Monsters’, ‘Transformers: The Last Knight’ and ‘Star Trek Beyond’, as well as AY’s next movie, ’30 Days in China’, and Empire Entertainment (South Africa), a leading African distributor representing major Hollywood studios to provide better access to international markets.
Both companies will assist in identifying the films with the most potential for theatrical release and box office success in global markets.
On hand to witness the signing of the historic agreement by executives of Huahua and FilmOne was Mr. Chu Maoming, Consul General, People’s Republic of China and Mrs. Uju Emagha, Zonal Coordinator, National Film and Videos Censors Board, representing the Executive Director, Alhaji Adedayo Thomas. Mr. Kefei Wang, CEO, Huahua Media; Mr. Johnny Fu Cong, Huahua Media; Mr. Kene Okwuosa, Co-Founder, FilmOne; Mr. Moses Babatope, Co-Founder, FilmOne; and Mr. Chinaza Onuzo, Director, FilmOne, all participated.