Cj Entertainment, Library Pictures pact on local-language films

Cj Entertainment, Library Pictures pact on local-language films
The two companies have entered into a slate co-financing deal for projects in Indonesia, Vietnam and Turkey.

South Korea’s leading film studio Cj Entertainment and LA-based local-language content financier Library Pictures International (Lpi) have entered into a multi-year, multi-picture slate co-financing deal covering local-language film productions in Indonesia, Vietnam and Turkey.

Coming on the heels of Cj Entertainment’s multiple Oscar wins with Bong Joon Ho’s Parasite, the deal will see Lpi fund up to 50% of the budget of Cj Entertainment-led local-language productions in each of these three markets where Cj has been investing with an interest in the territories’ rapid growth.
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