On December 10, in Da Nang, FundGo Cinema Cinema Investment Fund held a ceremony to announce the Cinema Investment Fund.
FundGo Cinema is an investment fund under the FundGo ecosystem - Vietnam Innovation Fund. The fund focuses on 5 key orientations: Promoting the production of high-quality film projects; connecting financial and technological resources for the film industry; applying technology in project management and operation; developing young talents, nurturing screenwriters, directors and creative teams and bringing Vietnamese films to the international market through global marketing and distribution strategies.
The fund plans to have a total investment capital of 510 million USD in phase 1, along with a list of potential commercial projects and a team of consultants and appraisalists including many prestigious experts such as producer director Vu Quynh Ha, director Khuong Ngoc, Mr. Pham Minh Toan - CEO of Vietfest...
Typical projects that FundGo Cinema accompanies include: Thanh Soi, Quy Cau, Linh Mieu, Chi Dau, which recorded impressive revenue and created influence in the Vietnamese film market.
At the announcement ceremony, FundGo Cinema launched the Vfilms film investment and release platform, with online film viewing, cyberspace release and investment for film and art projects.
All investment activities on Vfilms are managed, supervised and protected by the FundGo Cinema fund, to ensure transparency and peace of mind for users.
Through the community investment & fundraising feature, users can: receive free movie tickets; get tickets for Premier Premier events released early; receive exclusive gifts from the movie; receive profits after the movie is released in theaters
This not only helps filmmakers have more production opportunities, but also creates a completely new model - where audiences can truly accompany projects they trust.
Speaking at the program, Mr. Eric Vuong - Chairman of Fundgo Cinema Cinema Investment Fund said: "We have built a fund not only to invest in a few big films, not just to appear on international red carpets. We have created a fund so that cinema is no longer a privilege of big cities.
So that children in the mountainous areas, the West; the elderly in remote rural areas; the immigrant workers in industrial parks... can all touch the culture, the emotions, the beauty of cinema. Because cinema has the power to heal, open awareness and connect the community. And the mission of FundGo Cinema is to bring that power to every rural area of Vietnam," Mr. Eric Vuong emphasized.
