EXCLUSIVE: Hong Kong-based Phoenix Waters Productions and South Korea’s Studio Goal have signed a memorandum of understanding (MOU) to broaden cross-border movie and tv collaboration between Hong Kong and South Korea.
One of many first tasks coming from this partnership is motion thriller Shashou, which goals to “pay homage to basic Hong Kong cinema whereas incorporating Western influences.” The movie seeks to deliver onboard solid members from all over the world and is about to start manufacturing later this 12 months.
Producers concerned with Shashou embody Berkeley Media Group and Ostara Photos, with London-based SC Movies Worldwide dealing with gross sales and Cairo-headquartered MAD Options buying MENA rights.
This partnership between Phoenix Waters Productions and Studio Goal will give attention to co-developing, co-financing, and producing a slate of latest movies, collection and micro-dramas.
Studio Goal produced motion comedy movie Hitman 2, which is at the moment the top-grossing Korean movie thus far in 2025. The movie stars Kwon Sang-woo and Jung Joon-ho. Phoenix Waters Productions is behind the Hong Kong remake of Richard Linklater’s Tape, which premiered final 12 months, in addition to crime collection Forensic Psychologist.
As a part of the collaboration, Studio Goal will deal with the South Korean launch of Tape later this 12 months.
“Amidst the assorted challenges dealing with the worldwide movie and media trade, I imagine that our collaboration and innovation shall be key to illuminating the longer term,” stated Doyeon Julia Kim, CEO of Studio Goal. “By means of this partnership, we’ll maximize numerous funding assets and manufacturing capabilities in every area, produce commercially profitable content material, and obtain international market enlargement.”
Bizhan Tong, CEO of Phoenix Waters Productions, stated: “This partnership represents greater than only a enterprise deal — it’s a dedication to constructing a sustainable future for Hong Kong and Korean cinema. By combining our artistic and manufacturing strengths, we goal to develop movies and collection that resonate on a world scale, showcasing the unbelievable expertise and wealthy storytelling from these areas.”
