DreamWorks Animation and Chinese partners announced plans Tuesday to co-produce the next "Kung Fu Panda" movie and develop an entertainment district in Shanghai, expanding Hollywood's fast-growing ties to China.
studios have announced a flurry of deals with local partners to gain
access to Chinese financing and a government-controlled film market that
is growing strongly at a time of weak ticket sales in the United States and Europe.
"Kung Fu Panda 3"
will be produced in China and released in 2016, according to DreamWorks
Animation SKG Ltd. and its state-owned local partners — China Media Capital, Shanghai Media Group and Shanghai Alliance Investment.