This chapter begins the book’s study of the golden age as a pre- national cinema, and examines the period as a transnational cinema that mimics Singapore’s positioning as a transnational space. Borrowing Sheldon Lu’s argument on Chinese cinema, it shows that film production in Singapore arose as ‘an event of transnational capital from its beginning’. To that end, the chapter considers the development, practices and migrant constitution of the film industry vis-à-vis the socio-political circumstances of this burgeoning nation, including Singapore’s complex relationship with Malaysia, and places Singapore cinema within the larger transnational network of film production and distribution in the region, Hong Kong and China.