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Paragon Pictures today (22/6) announced the pre-series A funding from SALT Ventures and Inter Studio. The investment value is undisclosed. The production house is known operating under Ideosource Entertainment (part of NFC Indonesia and M Cash) which is also an early stage investor.
This additional capital will be focused on producing several new intellectual property (IP) in various forms, including live streaming content with GoPlay, animated children's videos, series for the OTT platform, and new feature films.
"Our vision is to produce local content in various formats with a unique and fresh perspective for the Indonesian people and globally," Paragon Pictures' CEO, Robert Ronny said.
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