IDN Media, a multiplatform media company in Indonesia, today announced that it has acquired an independent film company, Demi Istri Production, and launched its own tech-based film unit called IDN Pictures.
Photo credit: IDN Media
Demi Istri Production was founded in 2013 by director Fajar Nugros and producer Susanti Dewi. After the acquisition, the two co-founders will join IDN Media to lead IDN Pictures, according to a statement.
Nugros and Dewi have produced and directed films including Cinta Brontosaurus (2013), Yowis Ben (2018 and 2019), Moammar Emka’s Jakarta Undercover (2017), and Terbang Menembus Langit (2018).
IDN Media said that it hopes to give “new colors” to the Indonesian film industry and bring “positive impacts” to the society though the films that IDN Pictures will produce.
The acquisition is part of the company’s vision to become a one-stop content platform for millennials and Gen Z in Indonesia, according to the statement. Last year, it acquired multiplatform esports company GGWP.ID and launched recipe app Yummy.
Established in 2014, IDN Media now operates IDN Times, Popbela.com, Popmama.com, Yummy, GGWP.ID, Duniaku.com, IDN Creative, IDN Event, IDN Creator Network, IDN Research Institute, and IDN Pictures.
See also: How a blog for Indonesian millennials became a media company with 50 million readers
The company has closed several funding rounds backed by East Ventures and North Base Media, among others. Its latest round came last year when it raised an undisclosed amount of series C money led by EV Growth.
Editing by Charmaine de Lazo
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
