UK Entertainment Financier Goldfinch Establishes Joint Venture in Indonesia
Jakarta, Indonesia - UK entertainment financier Goldfinch has launched a groundbreaking joint venture in Indonesia, aiming to elevate the country's creative industries. The venture, officially witnessed by Minister of Creative Economy Teuku Riefky Harsya, signals Indonesia's aspirations for global media leadership.
Strategic Partnership
Goldfinch Indonesia is a collaboration between Goldfinch, local powerhouse Synco, and the Goshen Group. Together, they will leverage Goldfinch's expertise and Indonesia's vibrant creative scene. "This partnership fosters a vibrant creative economy in Indonesia, harnessing our cultural assets for sustainable growth," said Minister Harsya.
Ambitious Initiatives
The joint venture will focus on debt financing, packaging and sales, and IP development across the entertainment spectrum. It will also bring Goldfinch's acclaimed First Flights program to Indonesia, providing early-stage financing and facilitating international collaborations.
Global Aspiration
Goldfinch COO Phil McKenzie emphasized the company's mission to position Indonesia as "a global leader in the creative industries." The initiative aligns with Indonesia's broader economic ambitions, aiming to spur growth and international partnerships.
Key Initiatives
The partnership outlines several key initiatives, including:
* Enhanced tax policies to attract investment through Goldfinch's financing framework
* Infrastructure development for IP projects spanning film, television, and digital media
* Targeted job creation and talent development programs
International Expansion
Goldfinch Indonesia is part of Goldfinch's global expansion strategy. The company has made strategic investments in Singapore and raised $250 million across 300 deals, maintaining a strong internal rate of return.