Recent News Stories

  1. Kundo sets South Korea opening record
  2. Zhang Yimou sues for Noodle Story profit
  3. Bumper Asian crop at Venice
  4. Dead, End and Cartridge win at NAFF
  5. Disney and Parasyte to bookend Tokyo IFF
  6. Pokemon defeats Ghibli at Japan box office
  7. Nikkatsu, Toho-Towa launch Asian label
  8. Breakup Buddies, Mary Kom premiere in Toronto
  9. Uzumasa and Zone Pro win at NYAFF
  10. Hollow fills Vietnam cinemas
  11. Tiny Times 3 dazzles at China box office
  12. ChinaVision issues profit warning
  13. Hollow pushes new horror trend in Vietnam
  14. Misono and Clover announce additional cast
  15. Panna Rittikrai (1961-2014)
  16. Truth and Exit top Taipei Film Awards
  17. Film Bureau releases official 2014 numbers
  18. Tiny Times sequel sets China 2-D record
  19. iQiyi launches film division
  20. Kyoto festival to embrace film and art
  21. Asian trio competes at Locarno
  22. Bona launches Secret Treasure
  23. Planet of the Apes rises at Korea box office
  24. Maleficent takes second weekend in Japan
  25. Bona shifts shares
  26. Old Boys second-placed at China B.O.
  27. Summer HKIFF announces line-up
  28. Hiroki Ryuichi goes to Kabuki-cho
  29. Pia Film Festival announces 2014 lineup
  30. Chinese stars launch VC company
  31. SMG rumoured to acquire Galloping Horse
  32. Erik Matti, Kim Sung-soo join PiFan jury
  33. WCF supports Apichatpong's Cemetery
  34. Wulong Karst to sue Transformers producers
  35. Market share of South Korean films plummets
  36. Maleficent dethrones Frozen in Japan
  37. Transformers rules 2nd weekend in China
  38. 10 Minutes wins Taipei New Talent Competition
  39. South Korea and China sign co-pro deal
  40. Pia Film Festival to receive Kawakita Award

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: