The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
HotelMon 30 Apr 18

China’s Dalian Wanda Opens World’s Largest Movie Studio

TUD+ MEMBER CONTENT
a7cd8d4a-5a3f-431a-b85e-d44856290aaa
SHARE
20
print
Print

An expansive A$10.5 billion (US$7.9 billion) movie studio has celebrated its grand opening in eastern China with its sights set on attracting major Hollywood projects.

The aptly-named “Movie Metropolis”, backed by Chinese firm Dalian Wanda, spans 162- hectares and is home to the world’s only integrated outdoor and indoor underwater studio. The complex is located in Qingdao, in eastern China.

Built partially on an artificial island, it also includes shopping malls, theme parks and a yacht club. In true Hollywood fashion, Qingdao Movie Metropolis’s Chinese name is on full display emblazoned on the hill.

Related reading: China’s Wanda Group Confirms Sale of Circular Quay, Jewel Developments


Dalian Wanda Group’s billionaire chief executive Wang Jianlin said his his vision is to transform the city of Qingdao into a global film production hub.

“We will boost the Chinese movie industry development,” Wang said at the project’s opening ceremony.

While China is the world’s second-largest movie market, its movie production is still in the early stages of development.

The Wanda Group has been under government pressure recently, particularly over its high profile foreign investments including acquisitions of Legendary Entertainment and AMC Theatres.

The group has also been shedding assets with all five of its large international projects offered up for $6.6 billion. Its Australian holdings, worth $1.13 billion recently sold to Chinese developer Yuhu Group, included luxury One Circular Quay hotel and apartment development in Sydney and the Jewel three-tower project on the Gold Coast.

Related reading: Buyers Emerge for Wanda's $6bn Project Portfolio

The Great Wall


Wanda had previously said the Movie Metropolis aimed to host five to six Hollywood projects in its first year of full operation in 2018. To date there’s been a lack of Hollywood projects taking up the offer.

However, generous subsidies for filmmakers have been promised by AMC Holdings and US studio Legendary Entertainment, controlled by Wang. The Qingdao Movie Metropolis opened its first studios in 2016, and has already hosted some Hollywood productions including The Great Wall which starred Matt Damon.

It marked the first major Hollywood film for a global audience to be set, filmed and produced in China.

HotelInternationalProject
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
Going private means plans to focus on logistics and data centres across the Asia-Pacific region can accelerate, ESR says…
LATEST
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
2 Min
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/chinas-dalian-wanda-opens-worlds-largest-movie-studio