Oriental DreamWorks

Shanghai Oriental DreamWorks Film & Television Technology Co. Ltd.
Oriental DreamWorks
Native name
 上海东方梦工厂影视技术有限公司
Private
Joint venture
Industry Film industry
Founded August 6, 2012 (2012-08-06)[1]
Founder
Headquarters Xuhui District, Shanghai[1], China
Key people
 Guenther Hake, CEO[2]
Owner
Number of employees
 250 (2014)[3]
Website www.oriental-dreamworks.com

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 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.

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,[4] launched on August 6, 2012,[1] with the cash and intellectual capital worth $350 million.[5] 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.[6]

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.[7]

The studio's first animated feature film, Kung Fu Panda 3, was released on January 29, 2016,[8] and was made in co-production with DWA, with 1/3 of the film being produced in China.[6] The studio's first original film will follow in 2018.[9]

Productions

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,[5] 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.[1]

References

  1. 1 2 3 4 DreamWorks Animation (August 6, 2012). "Rising Dreams in the Orient: Oriental DreamWorks To Establish Headquarters in Xuhui". DreamWorks Animation. Retrieved September 18, 2012.
  2. ↑ "DreamWorks China venture appoints Disney exec to run animation studio". Reuters. November 11, 2013. Retrieved November 21, 2013.
  3. ↑ "DreamWorks Animation SKG's (DWA) CEO Jeffrey Katzenberg on Q3 2014 Results - Earnings Call Transcript". Seeking Alpha. October 29, 2014. Retrieved October 30, 2014. Our studio is now up and running with 250 people,...
  4. ↑ "Oriental DreamWorks Rewrites Its China Production Strategy". Variety. September 6, 2013. Retrieved November 14, 2013.
  5. 1 2 Szalai, Georg (October 10, 2012). "DreamWorks Oriental to Eventually Produce Two, Three Films a Year in China". The Hollywood Reporter. Retrieved November 26, 2012.
  6. 1 2 "DreamWorks Animation SKG Management Discusses Q3 2012 Results - Earnings Call Transcript". Seeking Alpha. November 1, 2012. Retrieved November 26, 2012.
  7. ↑ "DreamWorks Animation SKG Management Discusses Q1 2013 Results - Earnings Call Transcript". Seeking Alpha. April 30, 2013. Retrieved May 1, 2013.
  8. ↑ "Bryan Cranston, Mads Mikkelsen & Rebel Wilson Board 'Kung Fu Panda 3′". Deadline. April 9, 2013. Retrieved April 11, 2013.
  9. 1 2 "DreamWorks' (DWA) CEO Jeffrey Katzenberg on Q4 2014 Results - Earnings Call Transcript". Seeking Alpha. February 24, 2015. Retrieved February 28, 2015.

External links

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