Dalian Wanda Group opens $8 billion ‘Chinese Hollywood’

  • An expansive nearly $8 billion movie studio has celebrated its grand opening in eastern China with its sights set on attracting major Hollywood projects
  • The 162-hectare Qingdao Oriental Movie Metropolis boasts the world’s biggest movie studio and has been touted as China’s answer to Hollywood

China’s Dalian Wanda Group, a real-estate, retail, and entertainment conglomerate, has opened a nearly $8 billion world-class film production hub, called the Qingdao Oriental Movie Metropolis, or Dong Fang Ying Du.

The “Movie Metropolis”, located in Qingdao, in eastern China, spans 162-hectares and is home to the world’s only integrated outdoor and indoor underwater studio.

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.

Wang Jianlin, the billionaire boss of China’s Dalian Wanda Group, said 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.

But making the hub a global market for film-making will be a challenge, according to Sun Hengqin, chief president assistant of Wanda Film Group and the head of the movie metropolis.

“We have yet to figure out a clear strategy to attract Hollywood and other foreign filmmakers,” Sun said.

“Yes, we’d love them to come and shoot their films here, and we will study what are the factors that prevent them from coming and improve our services accordingly.”

 

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