Is China About To Surpass Hollywood With Its Own Film Industry Town

May 4. 2018

China's own Hollywood in the city of Qingdao

The Dalian Wanda Group Co., have created their own Hollywood in the town of Qingdao, China. It is a new film production hub that is set to challenge Hollywood and with far more funding at their disposal, due to China's economic boom of the past decade. The project is being underwritten by Chinese billionaire, Wang Jianlin, who has put up $7.9 billion dollars for the venture. China is the most populous country on earth, which logically means they have the biggest individual film audience.

Hollywood has been struggling under sagging numbers for the past few years and keep raising movie ticket prices in a bid to compensate for the heavy losses. Most Hollywood films are flopping. The industry is being kept afloat by superhero films. However, some in the industry, such as director, James Cameron, are tired of superhero flicks and want them to taper off. 

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Wanda Hopes $8 Billion Film Complex Will Bring Industry Stardom

 April 27, 2018, 9:56 PM EDT Updated on April 29, 2018, 5:00 PM EDT - Four gigantic, Chinese characters are aligned on a hill overlooking a seaside film studio complex, in a nod to the fabled Hollywood sign, the American cultural icon in Los Angeles. Except this is northern China’s port city of Qingdao, where Dalian Wanda Group Co., a real-estate, retail and entertainment conglomerate, is opening its doors to an audacious 50 billion yuan ($7.9 billion) world-class film production hub, called the Oriental Movie Metropolis, or Dong Fang Ying Du. The project boasts the world’s largest studios, a commercial complex covered with giant portraits of Charlie Chaplin, Marilyn Monroe and Bruce Lee. There’s also a reclaimed island full of hotels, condos, two theaters and a yacht club...

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