RKO classics offered for remake
The library of classic Hollywood films by RKO Pictures is being put up for foreign –language remake at FilMart.
The studio – which still exists — once controlled over 4,000 properties is now offering 700 feature films through Asia Film Group, a consortium of Asian and Middle Eastern film distributors represented by Meng King, a Los Angeles-based financier. King and RKO’s director of development Jon Reiman are in Hong Kong at the market.
“Based upon market research and analysis and producer and distributor feedback”, says Meng King, managing partner of Asia Film Group, “We estimate that 3% — 5% of the titles we have, if executed and marketed correctly and released timely, can potentially become box office successes. And with that also comes the ability to further reduce risk in terms of time and cost by working from completed source material,” said King in a statement.
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