April 10, 2012 |
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.
August 8, 2012 |
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.
August 6, 2012 |
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.
April 11, 2012 |
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.
February 18, 2012 |
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.
March 6, 2014 |
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.