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1 item from 2017


China’s Oriental DreamWorks Looks Set to Restructure (Exclusive)

15 March 2017 8:36 PM, PDT | Variety - Film News | See recent Variety - Film News news »

Oriental DreamWorks, the production joint venture between DreamWorks Animation and Chinese partners, may be restructured, according to well-placed sources in China.

The sources say that Comcast is in talks with Oriental DreamWorks’ Chinese backers, including China Media Capital and Shanghai Alliance Investment Ltd., about possibly giving up Dwa’s 45% stake in the venture. If that happens, it would mark the end of one of the highest-profile linkups between Hollywood and China.

The potential restructuring comes as Oriental DreamWorks struggles to maintain a foothold in the competitive animated-feature marketplace. Its last outing, “Kung Fu Panda 3,” failed to perform as well as expected at the box office, and its only film currently slated for release, the Himalayan tale “Everest,” is not due out until September 2019. Last week, the company laid off some 40 animators at its Shanghai base.

At the same time, Glendale-based Dwa has been re-evaluating the projects in its own pipeline, »

- Patrick Frater

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