[QODLink]
Asia-pacific

Chinese tycoon takes aim at Hollywood

China's richest man plans to invest $8.2bn to build country's version of Hollywood in eastern city of Qingdao.

Last Modified: 23 Sep 2013 11:32
Email Article
Print Article
Share article
Send Feedback

China's richest man plans to invest $8.2bn to build the country's version of Hollywood in the eastern city of Qingdao.

Wang Jianlin said his company, Dalian Wanda Group, will build a massive, state of the art film studio complex in a bid to dominate China's rapidly growing movie market.

The Qingdao Oriental Movie Metropolis's 20 studios will include a permanent underwater studio and a 10,000 square-metre lot that Wang said would be the world's biggest.

The project is the single biggest investment in the history of the film and TV industry, aiming to rival Hollywood by 2017.

Al Jazeera's Rob McBride reports on the star-studded launch in China.

108

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
'I'm dying anyway, one piece at a time' said Steve Fobister, who suffers from disabilities caused by mercury poisoning.
The world's newest professional sport comes from an unlikely source: video games.
The group's takeover of farms in Qaraqosh, 30km from Mosul, has caused fear among residents, and a jump in food prices.
Protests and online activism in recent months have brought a resurgence of ethnic Oromo nationalism in Ethiopia.
Chemotherapy is big business, but some US doctors say it could be overused and are pushing for cheaper and better care.
join our mailing list