DreamWorks to make 'Kung Fu Panda 3' in China - News - Films - The Independent

DreamWorks to make 'Kung Fu Panda 3' in China

 

DreamWorks Animation and Chinese partners announced plans today to co-produce the next Kung Fu Panda movie and develop an entertainment district in Shanghai, expanding Hollywood's fast-growing ties to China.

Hollywood studios have announced a flurry of deals with local partners to gain access to Chinese financing and a government-controlled film market that is growing strongly at a time of weak ticket sales in the United States and Europe.

Kung Fu Panda 3 will be produced in China and released in 2016, according to DreamWorks Animation SKG Ltd. and its state-owned local partners — China Media Capital, Shanghai Media Group and Shanghai Alliance Investment.

They said the movie will be produced by a new joint venture, Shanghai Oriental DreamWorks Film & Television Technology Co. DreamWorks will own 45 percent of the company and the Chinese partners will hold stakes totaling 55 percent.

Oriental DreamWorks plans to release one to three films per year and employ as many as 2,000 production professionals, the partners said. They said it aims to become the largest animation production base in China and also will explore opportunities in online games, musicals and consumer products.

The planned entertainment district in Shanghai's Xuhui area, with investment of more than 20bn yuan (£2.01 billion), will include cinemas, theaters, restaurants and tourist attractions and is due to open in 2016, the partners said.

They said the project is modeled on London's West End and Broadway in New York City.

China Media Capital, whose owners include state-run China Development Bank, owns a controlling stake in News Corp.'s China television channels and other assets. Shanghai Media Group operates television and radio broadcasters. Shanghai Alliance Investment is an arm of the Shanghai government.

Other studios including DreamWorks rival Walt Disney Co. have announced co-production deals in China and are adding Chinese elements to films to appeal to the growing local audience.

China's box office sales rose by one-third last year to $2 billion while revenue in North America, though still far larger at $10.2 billion, has fallen for two straight years.

Disney said in April the third installment in its "Iron Man" franchise would be co-produced with Beijing-based DMG Entertainment. DMG co-produced the thriller "Looper," starring Joseph Gordon-Levitt, Bruce Willis and Emily Blunt. It includes scenes filmed in Shanghai.

China's communist leaders want to build a globally competitive film industry and hope their studios can learn from Hollywood partners. They are trying to attract foreign studios to form joint ventures by promising more market access and a bigger share of ticket sales.

China has dozens of small, mostly anonymous companies that do animation work outsourced by foreign film studios and video game companies. Beijing wants to capture more of the profits by nurturing the growth of studios that can create their own popular characters and movie franchises.

The Kung Fu Panda movies, about a bumbling panda who becomes a martial arts hero, are hugely popular in China. They prompted debate about why a Hollywood studio was more successful than the country's own studios at creating a successful movie based on Chinese themes.

A key complaint among Chinese filmmakers is extensive government censorship and efforts to influence the content of movies.

Last year, Legendary Entertainment, producer of hits including "The Dark Knight," formed Legendary East with Chinese studio Huayi Brothers Media Corp. It plans one to two movies per year, mainly in English and based on Chinese themes.

Another studio, Relativity Media, said last year it would make movies with two Chinese partners for global audiences and distribute movies in China.

Foreign studios hope partnering with local companies will increase their access to China's tightly controlled film market.

For the past decade, China's state-run film distributors have allowed in only 20 foreign films per year for national distribution. The foreign share of ticket sales is limited to a range of 13.5 to 17.5 percent.

In March, the government announced it will allow in an additional 14 foreign films if they are made in 3-D or for the big-screen Imax format. It raised the foreign share of ticket sales to 25 percent.

AP

Suggested Topics
Arts and Entertainment
Robin Thicke's video for 'Blurred Lines' has been criticised for condoning rape

Robin Thicke admits he didn't write 'Blurred Lines'

music
Arts and Entertainment
While many films were released, few managed to match the success of James Bond blockbuster 'Skyfall'

film
Arts and Entertainment
Matt Damon as Jason Bourne in The Bourne Ultimatum (2007)

film
Arts and Entertainment
Sheridan Smith as Cilla Black

Review: Cilla, ITV TV
Arts and Entertainment

TV
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
Keira Knightley and Benedict Cumberbatch star in the Alan Turing biopic The Imitation Game

film
Arts and Entertainment
Kanye West is on his 'Yeezus' tour at the moment

Music
Arts and Entertainment
Rob James-Collier, who plays under-butler Thomas Barrow, admitted to suffering sleepless nights over the Series 5 script

TV
Arts and Entertainment
Bradley Cooper and Jennifer Lawrence star in new film 'Serena'

film
Arts and Entertainment
Some might argue that a fleeting moment in the actor’s scintillating, silver-tongued company is worth every penny.

TV
Arts and Entertainment
Colin Firth stars as master magician Stanley Crawford in Woody Allen's 'Magic in the Moonlight'

film
Arts and Entertainment
U2 have released Songs of Innocence in partnership with Apple

musicBand have offered new record for free on iTunes
Arts and Entertainment
Brad Pitt stars in David Ayer's World War II drama Fury

film
Arts and Entertainment
Top hat: Pharrell Williams

music
Arts and Entertainment
Jonah Hill and Channing Tatum star as undercover cops in 22 Jump Street

film
Arts and Entertainment
David Bowie is back with fresh music after last year's hit album The Next Day

music
Arts and Entertainment
Keith Richards is publishing 'Gus and Me: The Story of My Granddad and My First Guitar', a children's book about his introduction to music

music
Arts and Entertainment
Calvin Harris has generated £4m in royalties from the music platform

music
Arts and Entertainment
Jenna Coleman stars as the Time Lord's companion Clara in Doctor Who

TV
Arts and Entertainment
Time and time again: the popular daytime quiz has been a fixture on Channel 4 since 1982

TV
Arts and Entertainment

To mark Tolstoy's 186th birthday

books
Arts and Entertainment
Rachel McAdams is reportedly competing with Mad Men's Elisabeth Moss for a major role in True Detective

TV
Arts and Entertainment
Sam Smith returned to the top spot with his album 'In The Lonely Hour'

music
Arts and Entertainment
Steve Backshall is set to dance with Ola Jordan on Strictly Come Dancing. 'I have a friend who's a dancer and she said to me 'You want Ola because she's a fantastic dancer and she can make anyone look good' meaning 'even you'!' he said.

TV
Arts and Entertainment
Sting and Paul Simon on stage together at Carnegie Hall in New York

music
Have you tried new the Independent Digital Edition apps?

ES Rentals

    Independent Dating
    and  

    By clicking 'Search' you
    are agreeing to our
    Terms of Use.

    Mystery of the Ground Zero wedding photo

    A shot in the dark

    Mystery of the wedding photo from Ground Zero
    His life, the universe and everything

    His life, the universe and everything

    New biography sheds light on comic genius of Douglas Adams
    Save us from small screen superheroes

    Save us from small screen superheroes

    Shows like Agents of S.H.I.E.L.D are little more than marketing tools
    Reach for the skies

    Reach for the skies

    From pools to football pitches, rooftop living is looking up
    These are the 12 best hotel spas in the UK

    12 best hotel spas in the UK

    Some hotels go all out on facilities; others stand out for the sheer quality of treatments
    These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

    Widespread fear of Isis is producing strange bedfellows

    Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
    Topshop goes part Athena poster, part last spring Prada

    Topshop goes part Athena poster, part last spring Prada

    Shoppers don't come to Topshop for the unique
    How to make a Lego masterpiece

    How to make a Lego masterpiece

    Toy breaks out of the nursery and heads for the gallery
    Meet the ‘Endies’ – city dwellers who are too poor to have fun

    Meet the ‘Endies’ – city dwellers who are too poor to have fun

    Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
    Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

    Ian Paisley’s decision to make peace with his IRA enemies

    His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
    'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

    'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

    Exclusive extract from Janis Winehouse's poignant new memoir
    Is this the role to win Cumberbatch an Oscar?

    Is this the role to win Cumberbatch an Oscar?

    The Imitation Game, film review
    England and Roy Hodgson take a joint step towards redemption in Basel

    England and Hodgson take a joint step towards redemption

    Welbeck double puts England on the road to Euro 2016
    Relatives fight over Vivian Maier’s rare photos

    Relatives fight over Vivian Maier’s rare photos

    Pictures removed from public view as courts decide ownership
    ‘Fashion has to be fun. It’s a big business, not a cure for cancer’

    ‘Fashion has to be fun. It’s a big business, not a cure for cancer’

    Donatella Versace at New York Fashion Week