FUNDING FOR FILM Hit series, Vigil, was directed by James Strong of Strong Film & Television
STUDIOCANAL MAKES STRONG INVESTMENT
NETFLIX TO SPEND $2.5 BILLION ON KOREAN PROJECTS
Preece is a producer of Casualty and Sister Boniface Mysteries while Tombs has held management and commissioning roles at leading firms such as the BBC, Viacom CBS and UKTV. The sum was undisclosed.
The news was confirmed at the MIPTV conference in Cannes, mid-April. Strong has directed a range of hit TV shows including award-winning BBC series Vigil and ITV’s crime thriller Liar .
Studiocanal has invested in UK production company Strong Film & Television which is led by Broadchurch director James Strong, executive producer Loretta Preece and managing director, Matt Tombs.
Netflix will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows, doubling its investment in the market since 2016. The announcement was made following a meeting between Ted Sarandos, Netflix’s co-CEO, and South Korean President Yoon Suk-yeol, during a state trip to Washington. The Asian leader welcomed the investment, regarding it as a significant opportunity for Netflix and South Korea’s content industry, aiming to enhance cultural exports. "We have great confidence that the Korean creative industry will continue to tell great stories," Sarandos said in a statement, naming Netflix’s global hits by South Korean creators, such as Squid Game, The Glory and Physical: 100. Squid Game remains one of Netflix’s most-watched series of all time, with 1.65 billion hours of streaming in the first 28 days.
Warner Bros. Discovery has announced the launch of its upcoming streaming service on 23 May, incorporating content from both HBO Max and Discovery+. The service will be known as ‘Max’ and will initially debut in the US, followed by Latin America later this year and the rest of the world in 2024. The company is aiming to prevail in the streaming market by vying against tough competition from giants like Netflix and Disney. However, Warner Bros. Discovery is also stressing the significance of financial Warner Bros. Discovery launches Max streaming service rigour, which leads to a drop in the priority of attaining more streaming subscribers. This poses a dilemma of quality versus quantity, with the firm attempting to navigate both ends of the spectrum. “Max is where consumers can finally say, ‘here’s a service that not only has something for everybody in my household, but something great for everybody’,” said JB Perrette, president and CEO of global streaming and games, during a presentation introducing Max in Burbank, California.
French live production company, AMP Visual TV, has selected Sony equipment as the core switcher for its next generation of premium fleet vehicles in anticipation of the major sporting tournaments in 2023 and 2024. Sony’s latest Modular Live System MLS-X1, launched at IBC 2022, is a modular and scalable platform designed to suit flexible deployment models. Alongside the MLS-X1, AMP Visual TV has invested in 50 HDC-3500 cameras and nine PVM-X1800 monitors to furnish the new trucks. Va-va-voom!
The modularity of the MLS-X1 enables the new trucks to cater for many set-ups, contributing to the company’s business and sustainability goals.
EXCELLENT EXPORTS More fantastic content from South Korea on the horizon
21. JUNE 2023
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