Incorporated on 22 July and established on 1 August 1998, Raintree Pictures was
Television Corporation of Singapore's (TCS) subsidiary to produce films. Its first
chief executive officer, Daniel Yun, was vice president of Productions 5 at TCS, Channel 5's production unit. Since then, Raintree Pictures has co-produced many films with other countries, including
The Eye,
The Eye 2 and
Infernal Affairs II. Many of its films have won awards, such as the
Golden Horse Awards from
Taiwan, where child actress
Megan Zheng won the Best Newcomer Award for her performance in
Homerun. In 1998, the Singapore movie industry produces the first highly successful movie
Money No Enough, where the film received mixed reviews from critics, but earned over
S$5.8 million and was the all-time highest-grossing Singaporean film until 2012. This results its success which helped revive the
Singaporean film industry and paved the way of future Singaporean local movies. In 2002, Singaporean satirical film
I Not Stupid held the top position at the weekend box office chart in
Singapore. It was later released in other countries such as
Malaysia, Hong Kong and
China. ==Films==