Shangahi, ChinaOriental DreamWorks, the joint venture set up by DreamWorks Animation and a state-backed Chinese consortium, will be the flagship company at a new media center under development in Shanghai's West Bank Media Port.
The local government aims to transform the 47-acre site, located in Xuhui district on the west bank of the Huangpu River, into a landmark cultural center for film and TV production, and digital entertainment.
The media center will also include cinemas, restaurants, bars and theatres
They hopes other major shingles would join Oriental DreamWorks at the media center, adding that there had been discussions with Sony Pictures and Hong Kong-based TV company, TVB.
Oriental DreamWorks, formed by DreamWorks Animation and a trio of state-backed orgs, China Media Capital, Shanghai Media Group and Shanghai Alliance Investment, will make animated and live-action content for distribution in China and globally.
The goal is to release one animated film a year from 2016, and two annually after 2018, building on DreamWorks' strength in the region,
China has become a major draw for Hollywood shingles, and DWA, Legendary and Relativity have sought out partnerships in China to produce homegrown fare that can circumvent quota regulations.
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