Shanghai

Film production, investment and service companies from Asia and North America are being lined up for a planned media business park in Shanghai, China’s commercial capital.

The $1.5 billion D’Hive project is the initiative of Singapore company Cubix and China’s Bestlinkage.

It has the backing of the municipal government of Songjiang, a district of Shanghai, which is expected to mean that it is able to offer local tax breaks, rental and setup incentives, production funding and facilitation services.

D’Hive expects to attract production and VFX firms and says it is in discussions with companies including Yellow Box Studios and Shooting Gallery Asia from Singapore, Mokko Incubation School by Mokko Studio from Canada and Greg Coote’s Latitude Entertainment from the U.S. It will pitch to others from its stand in the Cannes Market.

D’Hive will also house a conference center, two hotels, a business park, and residential and commercial areas.

The master plan is completed and the project aims to break ground by the end of 2014 with the first phase ready in 18 to 24 months.

Founded in 1995, Cubix Intl. is a consulting firm that offers strategic brand consulting, management solutions and media producing activities that include
film-financing, animation production, CGI and special effects. Bestlinkage is a Chinese-U.S. company that specializes in business parks, built-to-suit developments for corporate users and mixed-use developments in both the U.S. and China.

Shanghai is already being developed as a media pole by Disney, which will open Shanghai Disneyland in 2015, and by Oriental DreamWorks, the Chinese joint venture of DreamWorks Animation, which is building its Dream Center in association with Hong Kong’s Allan Zeman and with Shanghai Media Group.

Filed Under:

Follow @Variety on Twitter for breaking news, reviews and more
Comments 1