CANNES: Ashok Amritraj’s Hyde Park Entertainment is planning to set up a multi-million dollar fund in Asia for movie production.

The film fund is supported by Singapore’s Media Development Authority.

Speaking to Businessofcinema.com at the Cannes Film Festival, Amritraj says, "We will be looking at Asian markets like Singapore, India, etc for films. We plan to raise funds in the range of $55-$73 million for the same. We will operate out of Singapore."

Hyde Park Entertainment will be sealing long-term production deals with production houses in India, Japan and South Korea. "We are in talks with many players across the region and will be announcing our partnerships soon," Amritraj says.

Speaking about India, he adds, "The Indian film market is on a firm growth path and I believe it is the right time to explore the market."

Hyde Park will produce three – four films a year in English and various regional languages.

Hyde Park’s current films include Street Fighter: The Legend of Chun-Li, and The Other End of the Line, which is being presented by Adlabs. The Other End of the Line is a romantic comedy starring Jesse Metcalfe and will be released by MGM.