HONG KONG — Chinese production house Dreams Of Dragon Pictures has signed a three year deal with China Film Company, part of state-owned giant China Film Group.
The deal, described as “a strategic three-year partnership,” spans film investment, development, production and distribution.
They said that looking at 20 films across a broad range of genres and two blockbusters: an epic love story written by Wang Hui-ling (“Lust Caution,” “Crouching Tiger Hidden Dragon”); and a $200 million futuristic disaster film that will include Hollywood talent.
DDP, founded in 2008, is best known for its investment in “Cloud Atlas,” which achieved a higher box office in China $27.8 ,million) than the U.S. ($27.1 million). The company has also been involved in “Heaven Eternal, Earth Everlasting,” and “The Man Behind The Court Yard House,” and “Silent Witness.” It currently has a development slate of more than 40 original film projects.
The deal was signed by La Peikang, CFC chairman, and Wilson Qiu, chairman and CEO of DDP.