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BUSINESS
May 13, 2006 | Don Lee, Times Staff Writer
When Sumner Redstone, the billionaire chairman of Viacom Inc., visits China this year, one of the first people he expects to meet is Li Ruigang. Li, 38, is the president of Shanghai Media Group, a state-owned conglomerate that has emerged as a powerful force in China's fledgling media market. Though he wants to emulate media moguls such as Redstone and News Corp. Chairman Rupert Murdoch, Li is blazing a trail that Redstone and Murdoch might have to follow.
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ENTERTAINMENT
March 6, 2014 | By Daniel Miller
Walt Disney Studios and Shanghai Media Group Pictures have stuck a multiyear partnership agreement to co-develop Disney-branded movies that would be released in China and other international markets. China's film business is expanding rapidly. Last year, its total box office take topped  $3.6 billion, up about 27% from 2012. According to Motion Picture Assn. of America data, the country is the world's second-biggest movie market behind the United States. Under terms of the deal, Disney Studios, a unit of Burbank-based Walt Disney Co., would pair U.S.-based writers with writers and filmmakers in China to collaborate on movie projects.
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BUSINESS
March 24, 2004 | From Associated Press
Viacom Inc., owner of the CBS, Nickelodeon and MTV television networks, plans to collaborate with Shanghai Media Group on producing children's programs in China's largest city -- the first such joint venture since China opened TV production to foreign investment. Viacom Chief Executive Sumner Redstone said at a news conference in Beijing that his company would have a "huge stake" in the venture, though it's limited by law to a minority share.
BUSINESS
August 8, 2012 | By Richard Verrier, Los Angeles Times
DreamWorks Animation and China's largest media companies plan to invest more than $3 billion to build a sprawling entertainment, dining and shopping district in Shanghai. A new joint venture called Oriental DreamWorks announced Monday that the company would open Dream Center - an entertainment hub with theaters, cinemas, restaurants and tourist attractions - in 2016. The announcement marks the latest effort by Glendale-based DreamWorks and other Hollywood studios to bolster business in the world's most populous country, which this year has surpassed Japan as the world's second-largest market for movies outside the U.S. It also fits the studio's strategy of trying to diversify its business by expanding into television shows, live entertainment and theme parks.
BUSINESS
April 10, 2012 | By David Pierson
The Walt Disney Co. said Tuesday that it would join an initiative to develop China's animation industry. The agreement brings together the Burbank entertainment giant with an animation arm of China's Ministry of Culture and China's largest Internet company, Tencent Holdings Ltd. China's government has identified animation as a key area for development to boost the country's global influence, or soft power. The success of DreamWorks Animation's “Kung Fu Panda” franchise has sparked wide debate within China about why the country can't leverage its culture as effectively as Hollywood.
ENTERTAINMENT
August 6, 2012 | By Richard Verrier
A new Chinese joint venture said Monday that the third installment of DreamWorks Animation's "Kung Fu Panda" will be made in China as a co-production, the first for any major Hollywood animated feature film. "Kung Fu Panda 3," set for worldwide release in 2017, will be the debut feature-length animated film to be created by Oriental DreamWorks, a Shanghai-based entertainment company launched in February that will develop and produce Chinese animated and live-action content for distribution within China and around the globe.
BUSINESS
August 8, 2012 | By Richard Verrier, Los Angeles Times
DreamWorks Animation and China's largest media companies plan to invest more than $3 billion to build a sprawling entertainment, dining and shopping district in Shanghai. A new joint venture called Oriental DreamWorks announced Monday that the company would open Dream Center - an entertainment hub with theaters, cinemas, restaurants and tourist attractions - in 2016. The announcement marks the latest effort by Glendale-based DreamWorks and other Hollywood studios to bolster business in the world's most populous country, which this year has surpassed Japan as the world's second-largest market for movies outside the U.S. It also fits the studio's strategy of trying to diversify its business by expanding into television shows, live entertainment and theme parks.
BUSINESS
February 18, 2012 | By Richard Verrier, Los Angeles Times
DreamWorks Animation SKG Inc.announced plans to build a studio in Shanghai in what the Glendale company billed as a landmark agreement with two state-owned Chinese media companies. The creator of the "Shrek" movies said Friday that it was forming Oriental DreamWorks, a joint venture with China Media Capital and Shanghai Media Group, in concert with Shanghai Alliance Investment - an investment arm of the Shanghai municipal government - to establish a family entertainment company in China.
BUSINESS
April 11, 2012 | By David Pierson and Richard Verrier, Los Angeles Times
BEIJING - Walt Disney Co. said it would join an initiative to develop China's animation industry, marking the latest push by Hollywood to expand into the world's most populous country. The agreement announced Tuesday unites the Burbank entertainment giant with an animation arm of China's Ministry of Culture and China's largest Internet company, Tencent Holdings Ltd. China's government has identified animation as a key area for development to boost the country's global influence, or "soft power.
ENTERTAINMENT
March 6, 2014 | By Daniel Miller
Walt Disney Studios and Shanghai Media Group Pictures have stuck a multiyear partnership agreement to co-develop Disney-branded movies that would be released in China and other international markets. China's film business is expanding rapidly. Last year, its total box office take topped  $3.6 billion, up about 27% from 2012. According to Motion Picture Assn. of America data, the country is the world's second-biggest movie market behind the United States. Under terms of the deal, Disney Studios, a unit of Burbank-based Walt Disney Co., would pair U.S.-based writers with writers and filmmakers in China to collaborate on movie projects.
ENTERTAINMENT
August 6, 2012 | By Richard Verrier
A new Chinese joint venture said Monday that the third installment of DreamWorks Animation's "Kung Fu Panda" will be made in China as a co-production, the first for any major Hollywood animated feature film. "Kung Fu Panda 3," set for worldwide release in 2017, will be the debut feature-length animated film to be created by Oriental DreamWorks, a Shanghai-based entertainment company launched in February that will develop and produce Chinese animated and live-action content for distribution within China and around the globe.
BUSINESS
April 11, 2012 | By David Pierson and Richard Verrier, Los Angeles Times
BEIJING - Walt Disney Co. said it would join an initiative to develop China's animation industry, marking the latest push by Hollywood to expand into the world's most populous country. The agreement announced Tuesday unites the Burbank entertainment giant with an animation arm of China's Ministry of Culture and China's largest Internet company, Tencent Holdings Ltd. China's government has identified animation as a key area for development to boost the country's global influence, or "soft power.
BUSINESS
April 10, 2012 | By David Pierson
The Walt Disney Co. said Tuesday that it would join an initiative to develop China's animation industry. The agreement brings together the Burbank entertainment giant with an animation arm of China's Ministry of Culture and China's largest Internet company, Tencent Holdings Ltd. China's government has identified animation as a key area for development to boost the country's global influence, or soft power. The success of DreamWorks Animation's “Kung Fu Panda” franchise has sparked wide debate within China about why the country can't leverage its culture as effectively as Hollywood.
BUSINESS
February 18, 2012 | By Richard Verrier, Los Angeles Times
DreamWorks Animation SKG Inc.announced plans to build a studio in Shanghai in what the Glendale company billed as a landmark agreement with two state-owned Chinese media companies. The creator of the "Shrek" movies said Friday that it was forming Oriental DreamWorks, a joint venture with China Media Capital and Shanghai Media Group, in concert with Shanghai Alliance Investment - an investment arm of the Shanghai municipal government - to establish a family entertainment company in China.
BUSINESS
May 13, 2006 | Don Lee, Times Staff Writer
When Sumner Redstone, the billionaire chairman of Viacom Inc., visits China this year, one of the first people he expects to meet is Li Ruigang. Li, 38, is the president of Shanghai Media Group, a state-owned conglomerate that has emerged as a powerful force in China's fledgling media market. Though he wants to emulate media moguls such as Redstone and News Corp. Chairman Rupert Murdoch, Li is blazing a trail that Redstone and Murdoch might have to follow.
BUSINESS
March 24, 2004 | From Associated Press
Viacom Inc., owner of the CBS, Nickelodeon and MTV television networks, plans to collaborate with Shanghai Media Group on producing children's programs in China's largest city -- the first such joint venture since China opened TV production to foreign investment. Viacom Chief Executive Sumner Redstone said at a news conference in Beijing that his company would have a "huge stake" in the venture, though it's limited by law to a minority share.
ENTERTAINMENT
March 17, 2014 | By Ryan Faughnder
Content Media Corp. has struck a deal with Seven Stars Entertainment & Media, the Beijing company founded by Chinese mogul Bruno Wu.  Content Media, a London and Los Angeles distributor of film and television assets, will buy the Alive Group from Seven Stars, giving Content reach into the fast-growing Chinese entertainment market.  As part of the deal, Seven Stars is buying a minority stake in Content and Wu is joining the company's board...
ENTERTAINMENT
March 6, 2014 | Daniel Miller and Julie Makinen
Beijing-based film production company Huayi Brothers Media Corp. plans to invest up to $150 million in a new movie company from Jeff Robinov, the former president of Warner Bros. Pictures Group. The deal would be one of the highest-profile partnerships between Chinese and Hollywood film entities. Robinov departed Warner Bros. in the summer of 2013 after leading Hollywood's biggest movie studio since 2007.  Huayi Brothers said in a statement that it would invest $120 million to $150 million in Robinov's Studio 8, and distribute the company's movies in China.
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