Trading name Oriental DreamWorks Industry Film industry CEO James Fong (Nov 2014–) Founded 6 August 2012 | Native name 上海东方梦工厂影视技术有限公司 Key people Guenther Hake, CEO Headquarters Shanghai Number of employees 250 (2014) | |
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Founder DreamWorks Animation
China Media Capital
Shanghai Media Group
Shanghai Alliance Investment Owner DreamWorks Animation (NBCUniversal) (45%)
China Media Capital
Shanghai Media Group
Shanghai Alliance Investment (55%) Type of business Joint venture, Privately held company | ||
Ceo of oriental dreamworks james fong on china s growing film industry
Shanghai Oriental DreamWorks Film & Television Technology Co. Ltd. (Chinese: 东方梦工厂; pinyin: Dōngfāng Mènggōngchǎng; also known as Oriental DreamWorks) is a Chinese-American film production company founded in 2012 by DreamWorks Animation (owned by NBCUniversal) and Chinese investment companies. The company will mainly produce Chinese-themed animated and live action films and their derivatives for distribution within China and worldwide.
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Interview with oriental dreamworks china s movie industry expected to overtake u s in five years
History
On February 17, 2012, DreamWorks Animation announced a joint venture with China Media Capital, Shanghai Media Group and Shanghai Alliance Investment to build a Shanghai based family entertainment company named Shanghai Oriental DreamWorks Film & Television Technology Co., Ltd. or Oriental DreamWorks for short. The new venture is expected to develop and produce original Chinese animated and live action content for distribution within China and worldwide. The company will also produce live entertainment content, theme parks, games and consumer products. Oriental DreamWorks, owned 45% by DWA and 55% by the Chinese partners, launched on August 6, 2012, with the cash and intellectual capital worth $350 million. To produce animated films, 37 Entertainment, a Chinese animation studio with 175 employees, which had already worked on some of DWA's television productions, has been acquired.
Beside producing its own content, Oriental DreamWorks acts also as a distributor for DWA's productions. Releasing The Croods in 2013, ODW became the first company in 20–30 years that got a license to import Western films.
The studio's first animated feature film, Kung Fu Panda 3, was released on January 29, 2016, and was made in co-production with DWA, with 1/3 of the film being produced in China. The studio's first original film, titled Everest, will follow in 2019. On March 15, 2017, it was reported that NBCUniversal would sell off its stake as Oriental DreamWorks is heading to restructure.
A film adaption to The Tibet Code, co-produced by China Film Group, was announced, but was cancelled.
Feature films
Dream Center
Part of the deal with the Chinese partners is also an entertainment and culture complex called Dream Center. Built in Shanghai with an investment exceeding $2.7 billion, it will feature series of theatres, cinemas, shopping areas, galleries, hotels, restaurants and the world's largest IMAX screen, and is expected to open in 2017.