DreamWorks Animation Unveils $2.4 Billion Shanghai Complex

HONG KONG – DreamWorks Animation revealed plans on Thursday for a $2.4 billion entertainment complex in Shanghai, China.

Due to open in 2017, the Dream Center will have a 500-seat Imax theater, an entertainment district modeled on London’s West End and a venue for red carpet and festival events.

The project is backed by DreamWorks Animation, Chinese investment fund CMC Capital partners and Hong Kong-based property developer Lan Kwai Fong.

It is housed at a former cement factory near the site of the 2010 Shanghai Expo.

PHOTOS: Renderings of DreamWorks Animation’s Shanghai Dream Center

“This will become the world’s third great urban center of entertainment and arts alongside New York’s Broadway and London’s West End,” said DreamWorks Animation CEO Jeffrey Katzenberg.

The 40-acre site will feature eight outdoor event plazas and also house the film production facilities of Oriental DreamWorks. The Shanghai-based company, a joint venture between DreamWorks Animation and Chinese partners, is expected to produce “Kung Fu Panda 3” and a slate of other film, TV and online properties.

Shanghai, China’s business capital, is also home to the upcoming theme park Shanghai Disneyland, which is set to open in 2015.

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  1. Kevin says:

    Will they call it ‘East-end’?

  2. George says:

    This would generally be a royalty based deal, high up side for DreamWorks if it works, little risk.

  3. LOL says:

    Nonsense! This new venture will always be a vacuous commercial misstep. Broadway and the West End grew organically, not simply hatched out of thin air by a bunch of billionaires.

    You have to ask yourself what do the Chinese offer the world in terms of original pop culture? America and Britain developed theatre and cinema, whereas the Chinese just copy and mass-produce products cheaply. The world rushes to adopted young and hip British and American trends, not Chinese ones.

    • Ross says:

      You’re kidding, right? Check your history! The OLDEST RECORDED civilization in HISTORY is CHINA! Rather than deal with speculation, they have HISTORICAL DOCUMENTS charting their cultural history. It’s only due to the racism of your school system that you dare turn your nose up at China.

  4. Pete says:

    Add yet again, the business flees LA. Ego and greed!

  5. occultology says:

    Watch out DreamWorks…you just may have your shiny new production assets confiscated and nationalized one day very soon. Don’t you understand global geopolitics?

  6. Julienne says:

    Well, it’s great to see that the Liberals are willing to “Overlook,” the slave-labor of children in China…AND the killing of female babies. You’ve evolved so far….Oh-wait….it’s all about $$$$$$.

    • Smooth says:

      At least DreamWorks didn’t start a war based on a lie, like a wingnut would do. You didn’t object to that I bet.

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