Recent News Stories

  1. Huayi profit drops in 2015 Q1
  2. Avengers streaks past Spiderman HK record
  3. Beginning of Time wins top Tiantan Award
  4. Ultron breaks opening day record in South Korea
  5. Asian regulars join Cannes' Un Certain Regard
  6. Cast lands on Three Body Problem
  7. Ko Yi-cheng to receive Taipei award
  8. Miike and Korean noir join Cannes sidebars
  9. Dragonball wins anime battle at Japan box office
  10. Furious 7 races to record gross in China
  11. Hairun details co-production slate with VRPA
  12. Golden Era tops Hong Kong Film Awards
  13. Furious 7 takes third victory lap in South Korea
  14. Luc Besson readies Warrior's China shoot
  15. Black Coal tops China Directors' Guild Awards
  16. Asian trio returns to Cannes competition
  17. Jiang Wen to complete trilogy with wuxia film
  18. Toho to expand into co-finance and remakes
  19. Kang Woo-suk to adapt Map Maker
  20. Solomon finale tops Japan box office
  21. Stephen Chow sues Huayi for missing bonus
  22. Furious 7 shatters China box office records
  23. Taiwan film industry seeks protectionist measures
  24. Furious 7 top in South Korea for second weekend
  25. Wanda Cinema's earnings surge in 2014
  26. Han Gong-ju wins Wildflower Grand Prize
  27. Chang Tso-chi enters prison for rape conviction
  28. China releasing schedule revealed at seminar
  29. Furious 7, Little Big Master top HK holiday
  30. Kim Su-hyeon makes screen comeback with Real
  31. Jackie Chan period epic to open Udine
  32. Foreign films dominate South Korea box office
  33. Korean Film Archive receives historical donation
  34. Wolf Warrior tops China holiday weekend
  35. Italian film to open Beijing Film Festival
  36. April Fools opens third-placed in Japan
  37. Coffin in the Mountains wins at CinemAsia
  38. Jeonju completes 2015 lineup
  39. George Wang (1918-2015)
  40. Huayi and STX finalise deal

Singularity is singularly troubled


Singularity is singularly troubled

By Patrick Frater

Thu, 02 February 2012, 14:59 PM (HKT)


Production News

Big-budget multinational film Singularity (2012) has become locked in a series of legal and financial disputes.

The $28 million Roland JOFFÉ-directed film stars India's Bipasha BASU (pictured) and Abhay DEOL, as well as Josh HARTNETT and Neve CAMPBELL from the US. It was shot in India, Australia and the UK and is structured as an Australia-UK co-production.

Australian magazine Inside Film reports that the movie's Australian special purpose vehicle Singularity Productions Pty Ltd has been placed in court administration and that Worrells Solvency & Forensic Accountants is now winding up the company. It reports that over $15 million is owed to creditors including the Australian Tax Office.

Until the financial mess can be sorted out it is unclear how the film can be completed. Large quantities of the footage have been locked up as surety in Queensland, where the film shot for several weeks in late 2010, Film Business Asia has learned.

However, until the film is completed it cannot qualify for Australia's location attraction incentive, the 40% Producer Offset rebate, believed to be worth A$13 million in this case.

Singularity was packaged and pre-sold at international markets by Belgium's Corsan Films, which last year delivered Lee Tamahori-directed hit The Devil's Double.

Corsan assembled finance for Singularity from multiple Asian sources including Hong Kong's Bliss Media Limited and China's Dadi Century Film Distribution (Beijing) Co Ltd 大地時代電影發行(北京)有限公司. Dadi took an equity position and distribution rights in six territories: China, HK, Taiwan, Singapore, Malaysia and Indonesia.

A spokesman from Dadi told Film Business Asia that in recent conversations with Corsan boss Paul Breuls, it had been reassured that the film will be promoted in Cannes this year.

The epic film involves parallel stories in two eras. In a coma after a deep sea dive, a marine archaeologist is transported back in time to 18th century Pune, where the East India Company is all powerful and where a British officer falls in love with a female warrior.


Sign up with your email address for our free weekly newsletter: