Yahoo Finance Entertainment company mm2 Asia expands offerings to non-Chinese content with Malaysian JV
executive chairman Melvin Ang plans to begin with Malaysia and Indonesia before including other regional non-Chinese languages.
Singapore entertainment company mm2 Asia 1b0 1B0 has entered into a strategic joint venture (JV) with Malaysia’s Komet Productions to explore non-Chinese creative content from Southeast Asia.
The new production label Komet Studios, will focus on the investment, production, and distribution of creative content and films from new and progressive regional content creators and filmmakers.
The venture will be an extension of mm2’s film slate in non-Chinese language content and will leverage mm2’s expertise to include the production and distribution of Komet’s films.
Ahmad Izham Omar, Komet’s chief explorer, comes from more than 10 years as the Chief Executive Officer of Primeworks Studios, a subsidiary of Malaysian media giant Media Prima Berhad.
He is also credited as the executive producer and screenwriter for Pulang, the multi-award winning film which became a Netflix original film. More recently, as the content and creative executive director at Disney+, he was responsible for overseeing the slate of Originals at Disney+ Hotstar for Southeast Asia.
“Southeast Asia is emerging as a hotbed of exceptional content creators, producing high calibre works that captivate audiences. Their talent for uncovering and creating unique and engaging content from this dynamic region is truly remarkable,” says Izham.
“Drawing upon my extensive experience in music, media, and content, I am firmly convinced that Southeast Asia is poised to become the next frontier of compelling content for global consumption. Our partnership with the esteemed team at mm2, a company I have long admired, supercharges this vision and propels us forward with an unwavering commitment to our shared goals,” he adds.
“We are proud to be partnering with Komet and Izham to expand our core business offerings to non-Chinese content for the Southeast Asian market,” says Melvin Ang, executive chairman of mm2. “In recent years, films in Malaysia and Indonesia have broken pre-pandemic box office records, indicating a significant growth in the popularity of the medium. The plan is to start with these territories and quickly expand to other non-Chinese language markets in the region.”
Shares in mm2 closed unchanged at 3.2 cents on Nov 22.
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