Friday, October 28, 2005

Lucas animation studio launched in Singapore

The company of legendary US director George Lucas, creator of the 'Star Wars' saga, launched an animation studio in Singapore to produce television shows and feature films for the global market.

The Singapore operation is 75 percent owned by Lucasfilm Ltd., with the rest of the equity held by two Singapore partners -digital entertainment products maker Creative Technology Ltd. and EDB Investments.The latter is an arm of the Economic Development Board (EDB), Singapore's foreign investment promotion agency.

Company officials refused to disclose how much money was invested to set up the 3,715-square-meter (40,000-square-foot) animation facility, which will initially have 35 staff but can host up to 300 employees

They said Singapore was chosen because of its strong protection of intellectual property rights, attractive lifestyle and potential for drawing digital animation talent from all over the world.