One of the most successful film production and distribution houses in Singapore – MM2 Aisa – is adding more firepower to its inventory as it recently revealed that it was in advanced talks to make its first post-IPO acquisition.
The company stated that it has signed a term sheet to claim a 51 per cent stake in Singapore-based animation company Vividthree Production. Deal terms are yet unknown to public, though MM2 said that it hopes to complete due diligence by the end of March.
“With this lateral extension into 3D animation services, the Group believes it will strengthen its competitive advantage as a movie producer and eventually gain access to new markets, customers and business opportunities,” MM2 said in a statement.
Vividthree provides 3D Stereoscopic animation, 3D animation and VFX for feature films and commercials. Credits include 3D animation feature films Zodiac, The Race Begins…, The Wedding Game, It’s A Great Great World and hit MM2 title Ah Boys To Men. It also co-produced Robotropolis with Bleiberg Entertainment and Boku Films.
Ah Boys to Men 3: Frogmen, the last of the trilogy that was recently released by MM2 over the Chinese New Year holidays has done well at the domestic box-office, making it the top grossing opening weekend Chinese New Year movie of 2015 and also the top grossing opening weekend Asian movie of all-time at the Singapore box office.
