Dalian Wanda Group Co., Ltd. (Wanda), China's largest commercial property company and Pinewood Shepperton plc (Pinewood), a leading provider of services to the global film and television industry based in the UK have entered into a Consultancy Services Agreement.
According to the deal, Pinewood will advise Wanda on the design and construction of a new film and television studio complex in China. Opening in 2016, the film studio will form part of the ‘Qingdao Oriental Movie Metropolis’, located west of Qingdao, Shandong province.
The film studio will cover a 200 hectare area and comprise sound stages, workshops, a post-production area and themed backlots. Once completed, it will be China's largest film and TV studio base.
Wang Jianlin, Chairman of the Dalian Wanda Group said: "Qingdao Oriental Movie Metropolis will be the most advanced movie studio with the largest investment in the world. Wanda has invited the world's leading companies and talent to develop this project. I believe that with its opening in 2016, it will become one of the major centres for global film."