Producers reportedly spent close to P80M for "Tiktik: The Aswang Chronicles"

During the press conference of the upcoming horror film "Tiktik: The Aswang Chronicles" the producers of the film confirmed reports that they have apparently spent close to P80million for its production.

Given the complexity of the film's effects, it is not unlikely that its total cost would reach close to the rumoured amount, explained the producers. While the live action sequences were shot within just 28 days (still unusually longer than most local productions), the post-production stage took more than a year to complete.

Starring Dingdong Dantes with Lovi Poe, Joey Marquez and Janice de Leon, the film by acclaimed director Erik Matti is produced by five different film companies: Reality Entertainment, Agostodos Pictures (owned by Dingdong Dantes), Reality Entertainment’s sister companies and post-production arms PostManila and Mothership and GMA Films.

"Tiktik," which is poised to be the biggest and perhaps the most expensive horror movie of 2012, is the only full-length Filipino film shot entirely in chroma key or "green screen" technology. It also utilised somewhere between 30 and 40 computer graphics (CG) artists to create the complex three-dimensional environments and creatures which were seamlessly incorporated into the live action footage. "Tiktik" joins the ranks of only a handful of films shot in this kind of technology including the Hollywood produced "300" and "Avatar."

"Isa lang ang hangarin namin nang ginagawa namin into: to entertain. Sa amin, wala kaming tinipid; lahat ng kaya namin ay ibinigay namin dito," said lead star and co-producer Dingdong Dantes.

Also starring in "Tiktik: The Aswang Chronices" are LJ Reyes, Ramon Bautista, RJ Salvador, Mike Gayoso, Montito Almario, Jeff Fernandez, John Harley, Cris Pastor, Roi Vinzon and Rina Reyes.

Watch out for the biggest horror movie of the year -- "Tiktik: The Aswang Chronicles" -- coming to nationwide theatres beginning October 17. The film is rated PG by the Movie and Television Review and Classification Board (MTRCB), meaning children below 13 years old may watch the movie as long as they are accompanied by an adult.