Dalian Wanda woos Hollywood filmmakers to China
Wanda is the world’s largest movie theatre operator, owning AMC Entertainment and Carmike in the US and Odeon and UCI cinemas in the UK.
China’s Dalian Wanda has said it will give foreign movie and TV firms huge discounts to film at their new studio. The firm has set up a five-year fund with the Qingdao government to give discounts up to 40%.
Wanda, owned by China’s richest person Wang Jianlin, aims to woo Hollywood directors to China. It’s considered to be another step after investing in cinema chains and a production studio. During announcement Wanda also called for more co-operation between US and Chinese filmmakers.
He further said that by 2018, China’s box office collection will match the United States and Canada with a growth of about 15% each year for the next decade.