KUALA LUMPUR: YouTube filmmaker Jared Lee's production company Grim Film has been acquired by PR agency SLPR Worldwide.
Lee said in a statement yesterday that the acquisition of Grim Film by SLPR came shortly after his animated short film Horologist was selected for the 2023 Cannes Short Film Corner.
The film also won Best Animation at the 2023 San Diego International Independent Film Festival.
SLPR will invest RM15 million in high-technology video production over the next five years to improve the quality of Grim's content.
A memorandum of understanding was signed by Lee and SLPR group chief operating officer Leon Tang to make the acquisition official.
"This collaboration represents the next step in Grim Film's evolution since our inception in 2011.
"Together we can produce films that resonate with audiences worldwide," said Lee.
Lee added that he will focus on Intellectual Property (IP) development while his team handles commercial work.
"We will have more than movie IPs, we will also have animation, web series, and TV shows."
Lee also plans to have a talent arm for his company.
Grim Film began as a YouTube channel with short films, before gradually becoming a production house for corporate clients.