DreamWorks to Make Kung Fu Panda 3 in China
Dreamworks Animation and Chinese partners have just announced plans Tuesday 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 is set to be releases in 2016. There is no word yet on if all the actors lending their voice for the other two movies will be reprising their roles for this third installment. 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. They said the project is modeled on London’s West End and Broadway in New York City.
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. What do you think of this? Are you excited for a Kung Fu Panda 3?
Source News: MSN Entertainment