[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
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Featured
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
Deaths of 13 Sherpas in Nepal has shone a light on dangerous working conditions in the Everest-climbing industry.
Al Jazeera investigation uncovers allegations of beatings and rape in Kenya's ongoing anti-terrorism operation.
Incumbent Joyce Banda has a narrow lead, but anything is possible in Malawi's May 20 elections.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
join our mailing list