×
You will be redirected back to your article in seconds

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.

More Biz

  • Sammy Shore Dead: Comedy Store Co-Founder

    Sammy Shore, Co-Founder of The Comedy Store, Dies at 92

    Sammy Shore, the well-known stand-up comedian who co-founded The Comedy Store in Hollywood, died in Las Vegas, Nev. from natural causes. He was 92. Shore founded The Comedy Store with writing partner Rudy Deluca on April 7, 1972. His ex-wife, Mitzi Shore, took ownership of the club in the divorce settlement, and the venue went [...]

  • Outlander Season 4 Finale

    What CBS' Pursuit of Starz Means for CBS, Lionsgate

    CBS’ effort to buy pay TV service Starz from Lionsgate seems on the surface to be a head scratcher. CBS has told Wall Street for years that it has prospered because it brings only two must-have services to the table in negotiations with MVPDs, allowing the Eye to drive a hard bargain. Why would CBS [...]

  • Dana Brunetti

    Dana Brunetti Sues to Block Season 2 of 'Manhunt'

    Producer Dana Brunetti filed suit on Friday seeking to block the second season of the anthology series “Manhunt,” which is set to dramatize the bombing at the 1996 Atlanta Olympics. Brunetti sued Lionsgate, the production company, as well as Discovery Communications and Charter Communications. Brunetti, the producer of “Fifty Shades of Grey” and many other [...]

  • PledgeMusic Sends Message to Artists, Offers

    PledgeMusic Sends Message to Artists, Offers Data From Platform

    PledgeMusic, the direct-to-fan marketplace that is headed into administration (the British equivalent of bankruptcy), today posted a note to artists and fans, offering the ability for artists to download their data from the platform. A source tells Variety that more information will be coming once an administrator is named — when that happens, at some [...]

  • Spanish actress and member of the

    AIG and AS Talents Announce Agency Tie-Up (EXCLUSIVE)

    David Unger’s talent, management and branding venture, Artist International Group, has partnered with AS Talents in France, which represents leading European performers Jean Reno, Christian Clavier, Elza Zylberstein and Rossy de Palma. Paris-based AS Talents is headed by Alexandra Schamis. The move, announced Friday on the sidelines of the Cannes Film Festival, is the latest [...]

  • I.M. Pei dead

    I.M. Pei, Architect of CAA Building and Rock & Roll Hall of Fame, Dies at 102

    I.M. Pei, the architect behind the CAA building in Beverly Hills and the Rock & Roll Hall of Fame, died on Thursday. He was 102. One of the most famous architects of his time, Pei designed numerous famous buildings around the world before retiring in 1990. Born in China, he moved to the United States [...]

More From Our Brands

Access exclusive content