DreamWorks Animation heads to China
January 19th, 2014
Kung Fu Panda creator Dreamworks Animation SKG, Inc plans to build a
production studio in Shanghai with some of China s largest media
companies, a landmark deal intended to pry open one of the largest
untapped markets for Hollywood.
The
U.S.based animation studio behind Shrek has agreed to form a joint
venture with China Media Capital, with plans to include Shanghai Media
Group and Shanghai Alliance Investment Ltd.
The
new family entertainment company will develop and produce Chinese
animated and live-action content for distribution within China and
around the globe. It also will pursue opportunities in the areas of live
entertainment, theme parks, mobile, online, interactive games and
consumer products.
It plans to launch business
operations in Shanghai later this year. Joint ventures may bring
Hollywood closer to China s huge audiences. By producing in China,
Dreamworks can bypass restrictions on foreign content.
Only
20 foreign films a year can be screened nationally at cinemas in China,
and the films must be shown through a designated state-owned
intermediary.
Related Posts
Sachin Tendulkar to feature in animated cricket series called Master Blaster
The Master Blaster of INDIA has now made a move into the World of Animation along with a new way to find young Sachins of INDIA how to elevate the new emerging to make a move into the team INDIA.
January 20th, 2014 Read more
Nick Launches PAKADAM PAKADAI
Nick and Toonz animation have come together to give kids Pakdam Pakdai - A chase comedy, that is a rollicking adventure between a friendly but gullible dog Doggy Don, and the three naughty mice that live in his house - Chotu, Lambu and Motu.
January 20th, 2014 Read more
