Recent News Stories

  1. Youku Tudou sinks to loss in Q1 2015
  2. Khavn under focus at Taipei Festival
  3. PK sets Indian film record in China
  4. Initiation Love opens second-placed in Japan
  5. Hollywood takes Buddha holiday in South Korea
  6. The challenges of adapting Japanese IP
  7. Taiwan Motion Picture Act reforms approved
  8. Hou Hsiao-hsien wins Cannes' Best Director
  9. Kurosawa wins second Un Certain Regard prize
  10. Cinderella and Flying Colors lead in Japan
  11. Evil dethrones Avengers in South Korea
  12. Avengers sets Marvel record in China
  13. Creating a female-driven crime film
  14. Hong Kong takes spotlight at NY Asian Fest
  15. Yamashita Nobuhiro to direct Over Fence
  16. Hong Won-chan on Office politics
  17. Searching for a new direction for Indian cinema
  18. Kidlat Tahimik returns Cinemalaya award
  19. Peter Chan to direct Li Na biography
  20. Oh Seung-uk under the skin of The Shameless
  21. Cinderella tops third week at Japan box office
  22. Tokyo IFF slums it in the Philippines
  23. Wuershan on death culture in The Ghouls
  24. Andrey Zvyagintsev to head Shanghai jury
  25. Contents Panda debuts slate at Cannes
  26. Edko unveils high-profile China productions
  27. Bravos brings genre slate to Cannes
  28. Well Go takes three high-profile genre films
  29. Maverick, Zinnia to bookend Taipei Film Festival
  30. Tokyo IFF celebrates Terayama Shuji's legacy
  31. Joint takes Mountains May Depart for Taiwan
  32. Chappie leads quiet weekend in China
  33. Bona reports record results for 2015Q1
  34. Ultron win third week in South Korea
  35. Avengers, Furious 7 rule South Korea in April
  36. Japan goes global with Japan Day
  37. Zinnia, Laundryman, Wawa compete in Taipei
  38. Alice wins Jeonju Korean competition
  39. Main cast locked for Park Chan-wook's Lady
  40. Hana and Hokusai enter Annecy competition

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: