Growing China market offers effects work, co-prod opportunities
HONG KONG – South Korean visual effects group Dexter Studios has opened a production facility in Beijing in order to tap into the growing Chinese movie business.
Dexter says the Beijing outpost will allow it to “launch full-scale activities, obtain local VFX projects, and form partnerships for Chinese-Korean co-productions.”
Dexter was recently involved in the China-Korea co-production “Mr Go,” which used extensive motion capture effect to create a baseball playing gorilla, as well as Tsui Hark’s effects heavy fantasy “Young Detective Dee: Rise of the Sea Dragon,” which was structured as a China-Hong Kong co-production.
Korean VFX companies have often been favored by China’s film-makers as providing an optimal balance of quality that is better than local Chinese firms and price that is lower than the top U.S. or antipodean houses.
An opening ceremony in Beijing was attended by representatives of leading Chinese studios including Wanda, China Film Group Corp., Bona Film and Huayi Brothers.
Other key players in the Chinese VFX sector include BaseFX, which has a far-reaching relationship with ILM and is now opening its second facility in Wuxi.
India’s Prime Focus has teamed with Hong Kong-based fund manager AID Partners to leverage into the China market.
Chinese firm Beijing Galloping Horse was a co-investor in the rescue of Digital Domain, but it has subsequently sold its stake to a Hong Kong investment company.