{"id":13796,"date":"2012-08-06T21:08:30","date_gmt":"2012-08-06T21:08:30","guid":{"rendered":""},"modified":"2025-10-15T11:49:21","modified_gmt":"2025-10-15T11:49:21","slug":"dreamworks-plans-us-3-2-billion-china-theme-park","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=13796","title":{"rendered":"DreamWorks plans US$3.2 billion China theme park"},"content":{"rendered":"

DreamWorks Animation said it plans to build a US$3.2 billion theme park in Shanghai, as the US film giant seeks to bolster its presence in the booming Chinese entertainment market.<\/strong><\/p>\n

The studio’s newly formed China joint venture, Oriental DreamWorks, is set to open the theme park in 2016, the creator of megahits like “Shrek” and “Kung Fu Panda” said in a statement.<\/strong><\/p>\n

The 20 billion yuan project — called the Dream Center <\/strong>— will comprise entertainment facilities, animation exhibitions and commercial developments including hotels and shopping areas in Shanghai’s Xuhui district, it said.<\/p>\n

The announcement comes after Walt Disney, another US entertainment giant, last year broke ground on a planned US$3.7 billion theme park in Shanghai which is scheduled to open in 2015.<\/strong><\/p>\n

DreamWorks in February said it planned a US$330 million joint venture company with three Chinese partners — China Media Capital, Shanghai Media Group and Shanghai Alliance Investment.<\/strong><\/p>\n

Tuesday’s statement posted on DreamWork’s website said it had formally established the joint venture with the partners, all state-backed Chinese firms which together hold a majority 55 per cent stake in the venture.<\/p>\n

The company will make the next “Kung Fu Panda” movie<\/strong>, the third instalment in the series, in China as a co-production for release in 2016, the statement said.<\/p>\n

It plans to release up to three major films a year with its first feature-length animated film scheduled for global release in 2017<\/strong>, it said.<\/p>\n

The huge commitment in local production comes even though Beijing maintains strict quotas which limit the number of foreign movies allowed into China.<\/p>\n

Imports of foreign films into China on a revenue-sharing basis are currently limited to just 34 annually, though that was raised from 20 earlier this year.<\/strong><\/p>\n

Disney said in April it had joined an initiative to develop Chinese animation productions.<\/p>\n

It will also co-produce Iron Man 3 in China with DMG Entertainment, as Hollywood seeks to tap into the fast-growing movie market.<\/strong><\/p>\n

China’s box office grew an annual 35 per cent to US$2.0 billion in 2011, making it the second largest international market behind Japan<\/strong>, according to the Motion Picture Association of America.<\/p>\n

Source AP<\/em>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

DreamWorks Animation said it plans to build a US$3.2 billion theme park in Shanghai, as the US film giant seeks<\/p>\n","protected":false},"author":1,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1009,1],"tags":[2004],"class_list":["post-13796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-art","category-news","tag-art"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"DreamWorks Animation said it plans to build a US$3.2 billion theme park in Shanghai, as the US film giant seeks","magazineBlocksPostCategories":["Art","News"],"magazineBlocksPostViewCount":121,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"Art<\/a> News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/13796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13796"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/13796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}