Studio dedicated to East-West co-productions planned outside Beijing
A studio dedicated to East-West co-productions is being planned for development 30 minutes outside Beijing in China. Beijing-based Seven Stars Entertainment is working with the Government of the Binhai New Area, Tianjin, to plan the expansive facility.
Dubbed ‘Chinawood’, the studio complex will house technical, creative and financial companies. The initial development – nearly 380,000 square feet – is scheduled for an October 2012 opening.
Chinese entrepreneur Bruno Wu owns Seven Stars Entertainment: "It is crucial, as well as inevitable, that we offer the products and services to facilitate substantial co-operation between the two territories (China and North America).
It is crucial, as well as inevitable, that we offer the products and services to facilitate substantial co-operation between the two territories (China and North America).
Bruno Wu, Seven Stars Entertainment
“This project is a significant step toward closing that gap by providing expertise and facilities in all areas of financing, legal, co-production, distribution, marketing, sales and infrastructure.”
Hollywood is closing in on the lucrative Chinese market. Disney and Marvel recently confirmed that Iron Man 3 will be filmed partly on location in China through a co-production deal, while filmmaker James Cameron has announced his interest in doing studio work in Beijing for his Avatar sequels.
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