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SHANGHAI, June 14 (Xinhua) -- A joint1 venture of U.S.-based DreamWorks Animation2 (DWA) and a consortium of Chinese companies will be located in Shanghai's West Bank Media Port (WBMP), government authorities said Thursday.
The joint venture, Oriental DreamWorks (ODW), will be a flagship project for the development of the cultural industry in the WBMP, which is located in Xuhui district, Chen Chengquan, chief of the district's culture bureau, said at a press conference on Shanghai's film industry.
The joint venture will be between DWA and three state-owned enterprises, Shanghai-based China Media Capital, Shanghai Media Group and Shanghai Alliance Investment Limited, with animated3 film production as its main business, according to an agreement signed by all parties in February. A recreation zone consisting of cinemas, restaurants, bars and theaters is also included in the project.
Chen did not disclose when construction would start.
With a preliminary investment totaling 330 million U.S. dollars, the Chinese side will hold 55 percent of ODW's shares and DWA will take up the remaining 45 percent.
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1 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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2 animation | |
n.活泼,兴奋,卡通片/动画片的制作 | |
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3 animated | |
adj.生气勃勃的,活跃的,愉快的 | |
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4 landmark | |
n.陆标,划时代的事,地界标 | |
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5 renowned | |
adj.著名的,有名望的,声誉鹊起的 | |
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