China studio announces major filming incentive
China’s major studio development the Qingdao Movie Metropolis has announced a generous 40% filming incentive.
Scheduled to open in 2018, the new studio is being built by the Dalian Wanda Group on the country’s east coast.
Producers will have access to 30 sound stages, including the largest indoor facility in the world and an advanced temperature-controlled water tank.
The facility is intended partly to help develop more films like The Great Wall (pictured), which is now the biggest ever US-China co-production.
Films and TV shows shooting at Qingdao will be supported by the rebate, which will be backed by a $750m film fund over five years.
“Wanda Studios and [Qingdao Movie Metropolis] lay the groundwork for a unified and streamlined global production community, and we are pleased to leverage our platform and significant infrastructure in China on behalf of our partners in the US and abroad,” said Wang Jianlin, chair of the Dalian Wanda Group, at a ceremony in Los Angeles.
Fantasy sequel Pacific Rim: Maelstrom will be among the first Hollywood movies to film at Qingdao, and a follow-up to Gareth Edwards’ 2014 version of Godzilla will also shoot scenes locally.
Wanda is promoting Qingdao as a state-of-the-art facility designed to complement Hollywood’s resources, rather than directly compete.
The studio facility will in fact be part of a much larger $8.2bn complex that will include resorts, theme parks and conference centres.
Jianlin reiterated that China’s production industry sees itself as a student of Hollywood, keen to learn the best production and storytelling methods.
The Hollywood studios are increasingly shifting towards productions that involve Chinese talent and investment as a way of tapping into the country’s vast box office potential.
Image: Universal Pictures