Wanda’s Qingdao Complex Is Set to Lure Producers With Hefty 40% Incentive

With the Wanda Group’s announcement in mid-October of the new 40% production rebate incentive in Qingdao, many producers are looking to the city on China’s east coast as a home for future projects. Sweetening the deal: a state-of-the-art, 494-acre Wanda Studio production complex set to start operating in 2018.

The new studio will include an underwater studio, animation facilities, and film lots built to reflect many Chinese and European cities – and will structures such as museums, hotels, a yacht club, and a hospital.

Qingdao, a major seaport in Shandong province is home to over 9 million people. It boasts the world’s longest over-water bridge, the Jiaozhou Bay Bridge, with an aggregate length of nearly 26 miles.

The region offers some of Asia’s most stunning ocean views and beaches. The city itself is a vibrant mix of traditional and modern Chinese architecture, as well as a curious mix of German-influenced buildings owing to its German colonization at the turn of the 20th century.

Incentive specifics are as follows:

A 40% cash rebate on qualified spend.

The minimum spend required is approximately $4.4 million.

There’s a project cap of approximately $17.7 million.

Foreign producers and domestic producers must invest jointly in the productions.

Films that have shot or are scheduled to shoot in Qingdao include: “The Great Wall” (2016), “Into the Rainbow” (2017), “Pacific Rim 2” (2018), and “Godzilla 2” (2019).

Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

Popular on Variety

More Artisans

  • Roma Cinematography

    'Mission: Impossible - Fallout' and 'Roma' Win LMGI Awards for Motion Pictures

    Two major 2018 releases – actioner “Mission: Impossible – Fallout” and critics’ darling “Roma” – were honored for film location work by the Location Managers Guild International at a ceremony this evening at the Eli & Edythe Broad Stage in Santa Monica. The 6th Annual LMGI Awards also recognized “Chernobyl” and “Tom Clancy’s Jack Ryan” [...]

  • Peaky Blinders Season 5

    Time-Jumping Season 5 of 'Peaky Blinders' Aims for a More Cinematic Look

    Cinematographer Si Bell was thrilled to learn he and director Anthony Byrne had been tapped to shoot the fifth season of BBC’s “Peaky Blinders,” but surprised to find out how free a hand executive producers Caryn Mandabach and Jamie Glazebrook were giving them to determine the scheme of their six-episode run. “I expected to meet the [...]

  • Ad Astra

    How 'Ad Astra' Production Crew Created Authentic Look for Brad Pitt Space Drama

    In “Ad Astra,” Brad Pitt’s astronaut Roy McBride crosses the solar system to find and confront his long-lost father, requiring the movie crew to create an authentic-looking future that conveys the theme of traveling long distances to learn the lesson that it’s where you started from that has the most value. “Visually, the aim was [...]

  • Women in Animation Logo

    WIA Partners With Animation Mentor, Toon Boom to Expand Scholarship Program

    Women in Animation has partnered with Animation Mentor and Toon Boom to expand the organization’s WIA Scholarship Program with workshops and software packages. WIA scholarships are given to animation students with a financial need and who demonstrate talent and passion for animation that will lead to a promising career in the field. The Animation Mentor [...]

  • Steven Poster ICG National President

    DP Steven Poster to Receive SOC Lifetime Achievement Award

    Stephen Poster, cinematographer on such classics as “Donnie Darko” and Madonna’s “Like a Prayer,” will receive the Lifetime Achievement Distinguished Service Award from the Society of Camera Operators at a ceremony on Jan. 18, 2020. SOC grants the award to an Individual who has served the community at large and/or the Society through outstanding service [...]

  • Swedes Call for Incentives to Keep

    Swedes Call for Incentives to Keep Potential Runaways at Home

    Horror film “Midsommar” did it last year. A new adaptation of the Swedish classic “The Emigrants” will do it next year. Prestigious productions that could have taken advantage of beautiful Swedish locations and craft expertise continue to run away to foreign locations for lower costs and tax incentives. Despite having a strong film industry creatively [...]

More From Our Brands

Access exclusive content