Imax China and China Media Capital recently announced that they have formalized the $50 million Imax China Film Fund that they unveiled one year ago. They are now planning to co-finance 15 Mandarin-language films in the next three years. They will contribute $3-$7 million per project.
Imax CEO Richard Gelfond said, “Our strong relationships with China’s most acclaimed studios and filmmakers mirror those we’ve established in Hollywood, thanks to the support of our valued partner CMC,. The fund will further deepen our ties in the China film industry and allow us to generate the highest-quality Mandarin content for Chinese and international audiences alike. Our commitment to the success of our business in China and its filmmaking community is unwavering. Together, we are excited to launch a new and exciting chapter of filmmaking in China.”
Li said, “The fund is an outgrowth of CMC’s privileged capability and extensive connections in the Chinese film industry and Imax’s beloved brand and differentiated cinematic experience. We hope this will support the creation of more tentpole Mandarin-language films.”