April 30, 2012
By Melody Uy
3D conversion Binhai New Area Bruno Wu China f China film Chinawood Chinawood Global Services Base East Asia film film film production media financing post-production Seven Stars Entertainment Tianjin
Bruno Wu’s Seven Stars Entertainment and the Government of the Binhai New Area, Tianjin, has established the Chinawood Global Services Base, the largest film and media hub in China. The US$1.27 billion, 800,000 square meters “Chinawood” will play a major role as a base for Chinese co-productions with North America, Europe and other countries across the Asia Pacific.
Some 35% of the investment is earmarked for film financing, the group said in a statement. Co-productions at Chinawood will be exempt from Chinese import quotas. The initial build, comprising 35,000 square meters of office space is nearing completion and will open in October 2012. The rest is expected to include facilities for film production, postproduction services, marketing and the conversion of movies and other forms of filmed entertainment to 3D formats.