HOLLYWOOD — Medient Studios Inc., a California-based movie producer with plans to build a $90 million production and entertainment complex in Effingham County, announced Monday it has signed an agreement with a production company for the project.
Under the agreement, which is scheduled to be finalized within 90 days, Prime Focus Limited would provide production and post-production equipment, work flow technologies and other elements for the planned megastudio.
Prime Focus is described as “a global visual entertainment services group” with more than 4,500 employees with state-of-the-art facilities in North America, Great Britain and India.
Manu Kumaran, chairman and CEO of Medient, said the Prime Focus contribution to the project will be worth more than $40 million.
“This is the next level of firming up a very special relationship that has spanned the lifetime of Medient,” Kumaran said. “Prime Focus has been a great partner of Medient and we are happy and proud that the relationship is progressing further.”
Namit Malhotra, founder and CEO of Prime Focus, said his firm is “excited to be part of Medient’s inspirational vision to re-engineer the movie business.”
Medient’s agreement with the Effingham County Industrial Development Authority, signed on March 19, calls for the movie studio to create as many as 1,000 jobs when it’s developed on 1,500 acres near Old River Road and Interstate 16.
In addition to making eight to 10 movies a year, the company says it will produce video games at the site.
The announcement on the agreement with Prime Focus said the production and post-production equipment and services the company will provide include:
Cameras, lighting gear and other production equipment, cutting-edge full-service post production offline and online editing, color correction and grading systems, flame and smoke suites and other post production equipment and software.
Also included will be state-of-the-art preview theaters with 3D post-production sound, including mixing theaters and complete film and video transfer services.
Its visual effects and animation equipment and services will include:
Conceptual design, look development, on-set supervision, dynamics, on-location high-quality photography, 3D animation, cosmetic enhancement and matte painting, compositing and finishing.
ABOUT PRIME FOCUS
Prime Focus Limited (www.primefocusworld.com) is a global visual entertainment services group that provides creative and technical services to the film, broadcast and advertising market. The group offers a genuine end-to-end solution from pre-production to final delivery — including visual effects, 2D to 3D conversion, video and audio post production, equipment hire, multi-platform content operations solutions and digital distribution.
ABOUT MEDIENT
Medient (www.medient.com) is a publicly listed company (OTCQB: MDNT). It is a global film production and distribution company with a strong presence in the world’s two largest movie markets — North America and India.