Thursday, June 2, 2011

"China Opens $690 Million Animation Facility Near Beijing"

"The port city of Tianjin's new facility looks to take on foreign cartoons like 'Kung Fu Panda 2."

"BEIJING – China has opened a 4.5 billion yuan ($690 million) animation facility in Tianjin, the port city nearest the capital, Beijing, giving the domestic cartoon industry a much-needed boost just as Kung Fu Panda 2 reminds China how far behind Hollywood it is."

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Courtesy of The Hollywood Reporter

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