DreamWorks Animation to Develop $3.1B Cultural and Entertainment District in Shanghai
The New York Times reports that DreamWorks Animation SKG, Inc, has announced plans to build a $3.1 billion cultural and entertainment district in Shanghai with a multi-building complex stretching over six large city blocks on the banks of the Huangpu River. Titled “the Dream Center,” the complex aims to rival the Broadway theater district in New York City or the West End district in London, with three Broadway-style theaters, the world’s largest IMAX movie theater, and office buildings and smaller performance halls. It will also be the home to Oriental DreamWorks, a joint venture between DreamWorks Animation and its Chinese partners that will be co-producing Kung Fu Panda 3 and producing animated features aimed at the Chinese market. The complex is expected to be completed in 2016.