Shanghai to get new film studio
Beijing Enlight Media revealed this week that it plans to build a $1.6bn film and television studio and theme park in Shanghai.
The company made the announcement at the Shanghai International Film Festival, where it said that in an agreement with the government of Shanghai's Minxing district it is to build a 1,200 acre studio complex.
Enlight said that it plans to shoot up to 100 films and TV drama productions at the facility, named Chinese Movie World, within five years of its opening.
Backlots are said to include a Chinese martial arts area, a magical world, and a Chinese fairy tale world. These filming locations will double as tourist attractions.
Construction of the site is to start in 2015.
Enlight also said at the festival that it agreed a joint venture with the Chinese entrepreneur Bruno Wu's Seven Stars Entertainment & Media.
Seven Stars is reportedly moving a couple of its existing movie properties (both in production and in distribution) into the joint venture.