IN­VEST­ING IN FA­CIL­I­TIES

Finweek English Edition - - In Depth -

They are “It’s fine to fund films,” says the IDC’s Wil­liam Smith. “But what about fa­cil­i­ties? also part of the value chain.” on the top The IDC has in­vested in the soon to be opened SKY RING Stu­dios, sit­u­ated old ice skat­ing rink. floor of the Carl­ton Cen­tre in Jo­han­nes­burg, and which used to house the and used An ear­lier in­vest­ment was the Cape Town Film Stu­dios, launched in 2010,

Film Stu­dios, to shoot Man­dela: Long Walk to Free­dom. Ac­cord­ing to Smith, Cape Town film stu­dio chaired by Video­vi­sion’s Anant Singh, is the first cus­tom-built Hol­ly­wood-style also been used to com­plex of its kind in Africa, with state-of-the-art ser­vices. The stu­dio had shoot in­ter­na­tional films like Safe House, Dredd and Mad Max: Fury Road.

“There are Dredd pro­ducer An­drew Macdon­ald raved about the stu­dio in Time magazine, “Some­thing that only a few places in the world that can han­dle this kind of movie,” he said. will look like a $100m for less than half that fig­ure.” year. Smith says the stu­dio is so pop­u­lar it had to turn away 30 pro­duc­tions last

Cape Town Pro­ducer David Max Brown, whose film Noem My Skol­lie was shot at the lo­cal pro­jects Film Stu­dio, says the stu­dio is so pop­u­lar with in­ter­na­tional pro­duc­tions that to Max Brown, bat­tle to get in. The day fee of R100 000 was also prob­lem­atic, ac­cord­ing who ex­plained that the needs of in­ter­na­tional and lo­cal com­pa­nies of­ten clashed.

■ By Lloyd Gedye

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