Chinas Dalian Wanda courts Hollywood with film subsidy

The incentive will be paid from a five-year, USD 750 million fund created by Wanda and the local government in Qingdao, officials told a group of Hollywood executives in producers seated in a theater at the Los Angeles County Museum of Art.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » World News

Oct 18, 2016, 08.12 AM | Source: Reuters

China's Dalian Wanda courts Hollywood with film subsidy

The incentive will be paid from a five-year, USD 750 million fund created by Wanda and the local government in Qingdao, officials told a group of Hollywood executives in producers seated in a theater at the Los Angeles County Museum of Art.

Like this story, share it with millions of investors on M3

Chinas Dalian Wanda courts Hollywood with film subsidy

The incentive will be paid from a five-year, USD 750 million fund created by Wanda and the local government in Qingdao, officials told a group of Hollywood executives in producers seated in a theater at the Los Angeles County Museum of Art.

Post Your Comments

Share Cancel

Chinas Dalian Wanda courts Hollywood with film subsidy
Dalian Wanda Group will offer a 40 percent rebate to qualifying producers who use its new studio in Qingdao, China, the company announced at an event in Los Angeles where executives called for more collaboration between US and Chinese filmmakers.

The incentive will be paid from a five-year, USD 750 million fund created by Wanda and the local government in Qingdao, officials told a group of Hollywood executives in producers seated in a theater at the Los Angeles County Museum of Art.

"This is an opportunity for Hollywood, not a competition for Hollywood," Wanda Chairman Wang Jianlin said from a podium on stage, speaking through a translator.

Wang, a billionaire who is China's richest man, has been the biggest Chinese dealmaker in Hollywood, buying "Jurassic World" producer Legendary Entertainment and US cinema chain AMC Entertainment Holdings.

He is now trying to lure Hollywood filmmakers to a new multibillion-dollar production studio and entertainment district in Qingdao, a city on China's eastern coast.

Dalian Wanda is a real estate and media conglomerate. Two of its key listed units are Dalian Wanda Commercial Properties and Wanda Cinema Line Corp.

Buy, Hold, Sell ? Hear it first on M3
Chinas Dalian Wanda courts Hollywood with film subsidy

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login