MIPCOM NEWS 18th Oct
KOREAN producer and distributor H Culture has his week signed a memorandum of understanding (MOU) with IRIB Media Trade, a division of Iran Broadcasting. Under the terms of the deal, the two partners will collaborate on a series of animation co-productions.
The MOU covers a couple of key scenarios. Firstly, IRIB will come on board projects that H Culture has sourced from outside Iran as a co-production partner. Secondly, H Culture will seek international partners who can assist in developing IRIB intellectual properties, possibly in the form of co-productions. In either case, the ambition is for any resultant productions to be made at aniamtion studios within Iran.
H Culture will then be responsible for distributing any title around the world.
The deal was signed at the Korean Pavilion by H Culture president Sukhwa Hong and Mohammad High Shenasm head of sales and co-production at IRIB Media Trade.