DreamWorks will build a studio in China
DreamWorks has signed a contract with two Chinese companies - Shanghai Media Group and China Media Capital - to set up a joint venture to produce content for the Asian market. This is reported by The Hollywood Reporter. Note that the Chinese movie distribution ranks third in the world. In 2011, its cumulative box office rose 29 percent to $ 2.09 billion. China opens three new theaters every day, demonstrating the fastest growing movie market in the world. At the same time, China still imposes restrictions on the activities of large foreign movie studios, as well as set strict quotas on the number of foreign movies in the box office.
The Topic of Article: DreamWorks will build a studio in China. |
