‘Joint Venture’ Tag
Why China’s Richest Man Could Buy Time Warner
Beijing, August 14th (Hollywood Reporter)

Wang Jianlin’s plan for a $1.2 billion Beverly Hills compound might be the next big step toward owning a Hollywood studio

Now that Rupert Murdoch has withdrawn his $80 billion bid to buy Time Warner, rumors again are heating up about who could make a play for the media giant. Wang Jianlin, founder of real estate giant Wanda Group and China’s wealthiest person, might seem like a dark horse in the sweepstakes. But the opportunity for the ambitious Wang to own an empire as massive as Time Warner could be impossible to resist.

Although a Wanda spokesman tells THR “this is not happening — the takeover of Time Warner does not exist,” several indicators suggest the interest and wherewithal to seal a deal. Here are three reasons why Wang, 59, could succeed where Murdoch failed:

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Source: Hollywood Reporter

Paramount Links Up With China Film Group to Co-Produce 3D Fantasy Action Movie ‘Marco Polo’
Beijing, April 18th (Hollywood Reporter)

The co-production news comes days after the state-owned film company announced an “eight-figure” equity investment in two projects by Legendary Entertainment.

Paramount Pictures will link up with Chinese state film company China Film Group to co-produce a new 3D fantasy-action movie Marco Polo, with shooting due to begin in October this year.

Marco Polo, based on the 14th century Italian merchant who was one of the first Europeans to travel in China, will be directed by an experienced action adventure director from the U.S. and feature a cast of Hollywood stars and tier-one actors and actresses from China, the two companies said in a statement.

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Source: Hollywood Reporter

Imax Forms Joint Venture to Distribute Home Theater Content in China
Toronto, April 16th (Hollywood Reporter)

The deal with Wasu Digital TV Media Group will see Hollywood and local theatrical content marketed to Chinese households.

Imax has taken a major step toward introducing its mass-market home theater option in China.

The giant screen exhibitor and TCL Multimedia Technology Holdings have formed a joint-venture partnership with Wasu Digital TV Media Group, a Chinese digital content provider.

WASU is also one of five operators approved by Chinese authorities to deliver multimedia content to the home.

WASU will license and distribute Imax-enhanced Hollywood and Chinese theatrical content via the Imax-TCL premium home theater system.

Imax has a proprietary system through an alliance with startup Prima Cinema that can encrypt and transmit theatrical releases from Hollywood studios for secure home viewing.

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Source: Hollywood Reporter

DreamWorks Animation, Chinese Partners Unveil Plans for Shanghai Entertainment Complex
Shanghai, March 20th (Hollywood Reporter)

The $2.4 billion project will include a 500-seat IMAX cinema, with international film festivals and red carpet events in mind, along with bars, restaurants and performance venues.

DreamWorks Animation and Chinese partners unveiled designs on Thursday for a 15 billion yuan ($2.4 billion) entertainment complex in Shanghai, expanding Hollywood’s growing ties with China.

The “DreamCenter,” due to open in 2017, will have a 500-seat IMAX cinema with international film festivals and red carpet events in mind, bars, restaurants and performance venues, the companies said. It will also showcase a “Dream Avenue” theater district modeled on London’s West End and New York City’s Broadway.

The project is led by DreamWorks Animation, Chinese investment fund CMC Capital Partners, whose owners include state-owned companies, and Hong Kong developer Lan Kwai Fong.

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Source: Hollywood Reporter

US, Chinese entertainment companies partner up
Beijing, March 19th (CCTV)

The deal-making continues between US and Chinese entertainment companies. Chinese Media company Seven Stars Entertainment has announced a joint deal with California-and-London based Content Media. It’s the most recent of many such deals, including one that’s been dubbed “the highest-profile pairing of Chinese and Hollywood film entities” ever seen.

Hollywood’s been dazzling us with cinematic jewels for the better part of a century. And when the curtain closes, there’s no doubt it is the movie-making capital of the world.

With just as much certainty, experts say by 2020 China will be the movie-going capital of the world. Enter a new era of cross-cultural collaboration.

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Source: CCTV

Walt Disney, Shanghai Media Group to develop Disney-branded movies
Shanghai, March 6th (HKTDC)

Walt Disney Studios has signed an agreement with Shanghai Media Group Pictures to develop Disney-branded movies, the latest move by a U.S. studio to grow its presence in China’s entertainment business.

U.S.-based writers will team up with local writers and filmmakers to develop stories and scripts that incorporate Chinese themes in Disney movies, the studio said in a statement.

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Source: HKTDC

Disney to Develop Chinese Co-Productions With Shanghai Media Group
Shanghai, March 6th (Hollywood Reporter)

The two companies will collaborate on Disney-branded movies with “Chinese elements” for the booming China market.

In the latest linkup between Hollywood and the booming Chinese film business, Walt Disney Studios has struck a multi-year deal with Shanghai Media Group Pictures to co-develop Disney-branded movies for China and other markets.

Under the deal, Burbank-based Disney Studios will partner U.S. screenwriters with writers and directors in China to co-develop film projects that are essentially Disney, yet contain “Chinese elements.”

China’s film market, already the world’s second largest, continues to expanded relentlessly. In 2013, total box office hit $3.6 billion, up 27 percent from 2012. According to current forecasts, it is expected to reach $4.6 billion this year.

“For over 90 years Disney has built a rich legacy of entertaining families with high-quality storytelling and compelling characters,” Disney Studios president Alan Bergman said in a statement. “Disney’s collaboration with SMG adds an exciting chapter of new stories for the next generation of global Disney fans.”

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Source: Hollywood Reporter

U.K.’s Pinewood Shepperton Seals China Pact
London, March 6th (Hollywood Reporter)

The British studio facilities operator, known as the home of James Bond, will advise on the design and construction of a new film and television studio complex located in Shandong, China.

U.K. studio facilities operator Pinewood Shepperton, best known as the British studio home of the James Bond franchise, on Thursday signed a consultancy services agreement with the Dalian Wanda Group in China.

The pact, announced at a signing ceremony in the British capital hosted by U.K. deputy prime minister Nick Clegg, will see Pinewood Shepperton advise on the design and construction of a new film and television studio complex.

Opening in 2016, the film studio will form part of the Qingdao Oriental Movie Metropolis, located west of Qingdao in China’s Shandong province.

The film studio will cover a 200-hectare area and comprise soundstages, workshops, a post-production area and themed backlots. Once completed, it will be one of China’s largest film and TV studio facilities, the partners said.

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Source: Hollywood Reporter

Milestones in Disney project Shanghai
Shanghai, January 29th (Shanghai Daily)

CONSTRUCTION milestones were reached at the Shanghai Disney Resort yesterday, with the first of two hotels topped out and work starting on an artificial mountain.

Concrete was poured into the last section of the roof structure of the hotel building, while the first vertical steel support for the “mountain” was installed at the Pudong New Area resort, which is scheduled to open by the end of next year.

“With these two construction milestones, progress on vertical construction of the Shanghai Disney Resort continues on track” a resort official said.

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Source: Shanghai Daily

Source: DisneyParks Blog

Shanghai Film Group Close to Sealing Major Deals With U.S. Studios (Report)
Beijing, January 20th (Hollywood Reporter)

SFG chief Ren Zhonglun said the studio is in talks about involvement in the “Spider-Man” and “Iron Man” franchises, while Chinese superhero film “Rise of the Terracotta Warriors” is closer to fruition.

Shanghai Film Group, China’s second-largest film studio, is in advanced talks on teaming with U.S. studios on major film projects, president Ren Zhonglun told a newspaper.

He said the state-owned group was reaching a “critical stage” of cooperation with a number of major U.S. studios, including Paramount Pictures and Disney’s Marvel, on high-end global projects.
“Even in the last month of 2013 and the first month of this year, there have been people from Paramount and Marvel and Pinewood Studios coming to talk to us ‘to throw the embroidery ball,’” Ren told the Shanghai Morning Post newspaper, using a Chinese idiom which means “to choose a partner.”

Source: Hollywood Reporter

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