SINGAPORE - Singapore-based company mm2 Entertainment will be co-producing five films with media conglomerate Turner Asia Pacific over the next three years.

According to a press release, the films will be produced with a "multi-million dollar budget".

Under the new deal, the partners' first release will be Wonder Boy, a biopic starring popular singer Benjamin Kheng in the role of singer-songwriter Dick Lee. Directed by Lee and Daniel Yam, the film is slated for release in August.

Two other family-oriented films and two films by local box-office king Jack Neo are also in the works under the new deal.

Mr Chang Long Jong, chief executive of mm2 Asia, said in a statement: "We look forward to co-producing an exciting slate of films through this landmark collaboration.

"As we build on our strong base in the Asia market through our movie and media investments, we will continue to forge more such win-win relationships in the future."

This marks Turner Asia Pacific's first foray into film production in South-east Asia, while mm2 is a longtime producer of home-grown films such as Neo's hit Ah Boys To Men films about a group of army boys, as well as horror flicks 23:59 (2011) and Ghost Child (2013).