New platform for TV and film producers seeking international co-producers aided with instant translation messaging
Online PR News – 12-June-2011 – – Despite wide interest in international co-production of films and television, actual participation growth has failed to reach its potential. The disappointing rate is blamed on producers' difficulty in locating viable co-producers throughout the world.
Canada, which has co-production treaties with over fifty countries, currently participates in annual co-production volume of about $500,000,000. European co-production within Europe and Asian co-production within Asia double this volume but estimates indicate the world potential is much greater if only producers could find a way to more easily locate appropriate co-producers.
Currently, the only option for producers seeking co-producers is to attend annual co-production meetings organized by various film festivals which try to squeeze in as many as possible one-on-one meetings in limited time. This involves substantial travel and accommodation costs on top of registration fees.
In a move likely to see heightened activity in the world of co-production, Movieworld, a division of Toronto-based Veni Vici Entertainment Inc., has created Co-Pro Webmart, a unique platform through which independent film and TV producers will meet to explore international co-production.
With film production increasingly sounding like a Tower of Babel, Movieworld is developing original software for Co-Pro Webmart to assist producers in their international communications. The software will combine and extend existing applications and web technologies to provide instant multilingual translation to ease discourse among producers.
Aspects of this translation component may also be re-purposed for use by other communities such as government, industry and trade, and international traders in a variety of private sectors.
Initial funding for Movieworld Co-Pro Webmart is being provided by an international consortium of venture capital groups.