China’s Qingdao is set to be the Hollywood of the Orient

The nation's richest man is set to spend £5.14 billion on a movie hub, which will include an underwater studio and a 10,000 square metre stage. Catherine Zeta-Jones, John Travolta and Leonardo DiCaprio showed up to hear him unveil the news

Business tycoon Jianlin Wang has announced that he will build a RMB50 billion (£5.14 billion) movie complex in the northeastern province of Qingdao.


Famous for its beer, Qingdao will soon be known as the home of The Qingdao Oriental Movie Metropolis’s 20 studios, which will include an Imax research and development centre, China’s biggest film and celebrity wax museum and a whopping 10,000 square-metre stage.

Meanwhile, the yacht marina, eight hotels and a theme park are sure to rival Universal Studios in California. The complex will also include a quirky underwater studio.

Studio bosses plan to commission 100 local Chinese films per year, and also cater for an international market, allowing 30 ‘foreign’ films a year to be created here.

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Nicole Kidman, Ewan McGregor, Catherine Zeta-Jones, John Travolta and Leonardo DiCaprio appeared at the red carpet event where Jianlin Wang unveiled the news. Chinese stars Zhang Ziyi, Tony Leung and Jet Li also appeared at the event.

Wang boasted that China’s movie market had overtaken Japan’s to become the world’s second largest movie industry after the USA. He predicted that in five years it will be the world’s largest.

“There’s no single company in the whole world that has a big-scale production base, and at the same time has screening and distribution channels,” said Wang, who is the founder and chairman of giant Chinese entertainment company Wanda Group.

“As long as we build the film production park and produce better content, we’ll certainly be the most successful company in this industry.”

With earnings of £13.7 billion, Wang was crowned China’s richest person this month by Hurun Report, China’s version of Forbes.

The Qingdao Oriental Movie Metropolis’s 20 studios will soft open in June 2016, and the complex will be fully open by June 2017.


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