CJ ENM Hong Kong Seeks Content Fund Agreement With Trio of Taiwan Partners
variety.comPatrick Frater Asia Bureau Chief CJ ENM Hong Kong, a unit of South Korea’s CJ ENM, has signed a memorandum of understanding with the Taiwan Creative Content Agency (TAICCA), Far EasTone Telecommunications (FET) and local TV network – TVBS to launch a multi-year content fund that would support the co-production and joint distribution of audiovisual content.
The “strategic alliance” combines assets including production, distribution and marketing, media networks and technology. It also leans on the current global appeal of Korean cultural products including film, TV programming and contemporary music (K-pop).
The signing ceremony between the four parties took place on Tuesday, the first day of this year’s Taiwan Creative Content Fest (TCCF).
The anticipated fund would focus on identifying and funding promising projects. It will also provide financial support, mentorship, and industry connections that aim “to produce more interesting content with the unique exchange of cultural backgrounds.” Additionally, it would seek to foster an ecosystem that encourages the development of content that pushes boundaries and captivates audiences, bringing Asian content to global audiences.
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