Wednesday, November 30, 2011
DreamWorks Animation is looking to open an studio in Shanghai as early as January.
"California animation studios have had satellite studios in Asia since the 1980s, when Disney operated out of Japan and Hanna-Barbera had Fil-Cartoons in the Philippines. It’s the same today, only the names of the companies have changed, like Lucasfilm with its studio in Singapore and Digital Domain in India. Now, according to this Reuters story, DreamWorks is aggressively pushing forward with its plans to launch a studio in Shanghai, a development that we first reported last September. The new studio, DreamWorks East, could be up and running by January, and its first feature is slated for 2015. DreamWorks and a consortium of Chinese companies will invest up to $2 billion over five years in the joint venture, and the studio will also develop theme park rides and distribute films."
Courtesy of Cartoon Brew: http://www.cartoonbrew.com/business/dreamworks-eyes-shanghai.html