Ashok Amritraj's Hyde Park Entertainment Group is setting up a multi-million dollar fund for Amritraj's new Hyde Park Asia post.

Acting as a bridge between the film industries of Asia and America, Hyde Park Asia will produce or co-produce three to four films per year, consisting of a mixture of major Hollywood films and cross-cultural titles aimed at a global audience.

The fund will provide approximately SGD $75 – 100 million of equity and debt for the production of feature films and will be operational in 2008. Hyde Park Asia's offices will be based in Singapore.

"Singapore is the perfect city to base our new Asian offices. Asia has wonderful talent and facilities, along with great growth potential," says Amritraj.

In India, Amritraj already has a three-picture deal with Adlabs Films, the movie arm of India's most powerful entertainment conglom, Reliance Entertainment. Adlabs may also be involved in co-financing films with Hyde Park Asia.

Hyde Park International, the foreign sales arm of the Hyde Park Entertainment Group, headed by sales veteran Lisa Wilson, will handle all foreign territories. Hyde Park Asia will arrange North American distribution for the company's pictures.

Hyde Park has a first look co-production/co-financing deal with 20th Century Fox. Recent Hyde Park films include 'Premonition' with Sony, 'Death Sentence' with 20th Century Fox, 'Walking Tall' with MGM and 'Bringing Down the House' with Disney.