Indonesia’s MD Pictures, Falcon, Screenplay On Their International Ambitions & Working With The Streamers – APOS
deadline.comThree of Indonesia’s leading studios – MD Pictures, Falcon and Screenplay Films – explained their plans for taking local content international and how they’re juggling between producing for streamers and theatres, in a session at APOS.
Manoj Punjabi, founder of MD Pictures, said his studio switched to producing 90% for the streamers during the pandemic, working with global players as well as Tencent-owned Chinese streamer WeTV.
Tencent acquired a 14.6% stake in MD Pictures during the pandemic, which Punjabi said helped the company reach “a different level with more potential for growth”.
However, Punjabi added that Indonesia is still a market where both studios and audiences support local movies in cinemas. Indonesian films had a record-breaking year in 2022 when cinemas reopened, taking a 60% market share, with hits including MD Pictures’ horror drama KKN Di Desa Penari, which became Indonesia’s highest-grossing film of all time.
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