Dalian Wanda woos Hollywood filmmakers to China
China's Dalian Wanda has said it will give foreign movie and TV firms huge discounts to film at their new studio.
The firm has set up a five-year, $750m (£613m) fund with the Qingdao government to give rebates of up to 40%.
Wanda, owned by China's richest person Wang Jianlin, aims to woo Hollywood directors to China.
It's another step to boost its Hollywood footprint after investing in cinema chains and a production studio.
At the announcement in Los Angeles, Wanda also called for more co-operation between US and Chinese filmmakers.
'Chinese tastes' Wanda's Qingdao Movie Metropolis site... read more
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