Skip to comments.China's Wanda Unveils $8.2 Billion Movie Fund as Hollywood A-Listers Lend Support
Posted on 09/22/2013 6:35:43 PM PDT by TexGrill
QINGDAO, China China's Wanda Group has unwrapped an $8.2 billion film investment plan to transform the country's movie industry into the world's biggest within five years, and group chairman Wang Jianlin said the company, which bought the AMC theater chain last year, is just starting to expand globally.
Hollywood A-listers turned out in force in searing sunshine in Qingdao, northeastern China, with Leonardo DiCaprio, Nicole Kidman and Harvey Weinstein there to show moral support for the Qingdao Oriental Movie Metropolis complex, which is slated to open in 2017 in the eastern Chinese port city.
The facility will include a 10,000-square-meter film studio and 19 smaller facilities, along with a theme park similar to the Universal Studios franchise. The project will also include a permanent auto show, a yacht center, an international hospital, hotels and bars.
"The future of the worlds film industry is in China because we have 1.3 billion people, and we will have the biggest film business in the world by 2018," Wang told the assembled glitterati, which also included the president of the Academy of Motion Picture Arts and Sciences, Cheryl Boone Isaacs, as well as John Travolta, Catherine Zeta-Jones, Ewan McGregor, Kate Beckinsale and Christoph Waltz. Several agents also attended, including WME's Mike Simpson and UTA's Jeremy Zimmer.
(Excerpt) Read more at hollywoodreporter.com ...
They are far too defensive about their communism to allow any real movies to be made there.
I guess they’ll have to triple their movie counterfeiting to show in all these new theaters.
They are defensive about their government, and stories that have people rebelling against government, even fictional ones. But you'd be surprised at how many movies are already being made there. They offer mega bucks and facilities, and offer access to their audiences. No one will turn them down. For instance, Iron Man 3 includes a scene for the Chinese version that does not appear anywhere else, where Iron Man flies to China and interacts with some Chinese character, played by one of China's biggest stars. There was no reason for it in the story, it was just that China plopped a briefcase full of money in the producer's lap.
Or there is Looper, where the setting is changed from France to China, due to a suitcase full of cash.
Hollywood is a Whore, literally.
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