Indonesian Political, Business & Finance News

Danantara Eyes Oscar-Winning Studio A24, Aiming for Investment in Hollywood?

| | Source: CNA.ID Translated from Indonesian | Investment
Danantara Eyes Oscar-Winning Studio A24, Aiming for Investment in Hollywood?
Image: CNA.ID

Danantara is reportedly eyeing the US film studio A24 as an investment target. This step has immediately drawn attention, given A24’s reputation as an independent production house with global prestige and Oscar achievements.

A24, founded in 2012 by Daniel Katz, David Fenkel, and John Hodges, is known for consistently delivering films with unique approaches and high artistic quality.

The studio has won two Oscars for Best Picture with Moonlight (2016) and Everything Everywhere All at Once (2022).

Additionally, A24 is behind several popular films such as Hereditary, Uncut Gems, The Brutalist, and Marty Supreme. Its bold and unconventional production style has given it a strong position in the global film industry.

News of Danantara’s investment plans in A24 has been widely discussed on social media. It is mentioned that Danantara will invest capital in several projects related to the studio.

In response, Danantara’s Communication Team stated that the company remains committed to its primary mandate in every investment decision.

“Danantara Indonesia adheres firmly to its mandate to deliver optimal returns and ensure that every investment brings strategic value to Indonesia’s sustainable development,” read Danantara’s official statement on Wednesday (25/3), as reported by CNN Indonesia.

Danantara did not provide further details regarding the investment news. However, the company emphasised that every investment decision not only considers financial aspects but also the long-term impact on the national economy.

“Although we cannot provide further details at this time, every investment decision taken always considers not only financial aspects but also promotes knowledge transfer, job creation, and real contributions to national social and economic development,” the statement continued.

Additionally, Danantara affirmed its commitment to transparency and governance in every investment activity. All investment opportunities, it was stated, will undergo a comprehensive due diligence process.

“Every investment opportunity we pursue must go through a thorough due diligence process to align with Indonesia’s long-term interests.”

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