Pearl Studio
Chinese film production company From Wikipedia, the free encyclopedia
Shanghai Pearl Studio Film and Television Technology Co., Ltd, doing business as Pearl Studio,[3] formerly known as Oriental DreamWorks, the trade name of Shanghai Oriental DreamWorks Film & Television Technology Co., Ltd., is a Chinese animation film production company owned by CMC Capital Partners. The company was founded as a Chinese-American joint venture in 2012 by DreamWorks Animation and Chinese investment companies. The company mainly produces Chinese-themed animated and live-action films and their derivatives for distribution within China and worldwide. In 2018, CMC (China Media Capital) acquired NBCUniversal's stake in the studio.
| |
Native name | Pearl 东方梦工厂 (Pearl Dōngfāng mèng gōngchǎng) |
|---|---|
| Formerly | Shanghai Oriental DreamWorks Film & Television Technology Co., Ltd. (2012–2018) |
| Company type | Subsidiary |
| Industry | Film industry |
| Founded | August 6, 2012[1] |
| Founder |
|
| Headquarters | , China |
| Owner | Chinese Partners (55%, 2012-2018) DreamWorks Animation (45%, 2012–2018) |
Number of employees | 250 (2014)[2] |
| Parent | China Media Capital[3] (2018–present) |
| Website | www |
History
Summarize
Perspective
On February 17, 2012, DreamWorks Animation announced a joint venture with China Media Capital, Shanghai Media Group and Shanghai Alliance Investment to build a Shanghai based family entertainment company named Shanghai Oriental DreamWorks Film & Television Technology Co., Ltd. or Oriental DreamWorks for short. The new venture was expected to develop and produce original Chinese animated and live-action content for distribution within China and worldwide. The company also produces live entertainment content, theme parks, games and consumer products. Oriental DreamWorks, owned 45% by DWA and 55% by the Chinese partners,[4] launched on August 6, 2012,[1] with cash and intellectual capital worth $350 million.[5] To produce animated films, 37 Entertainment, a Chinese animation studio with 175 employees, which had already worked on some of DWA's television productions, has been acquired.[6]
Beside producing its own content, Oriental DreamWorks acts also as a distributor for DWA's productions. Releasing The Croods in 2013, ODW became the first company in 20–30 years that got a license to import Western films.[7]
On November 25, 2015, Peilin Chou was appointed as the head of creative for feature animation at Oriental DreamWorks.[8]
The studio's first animated feature film, Kung Fu Panda 3, was released on January 29, 2016,[9] and was made in co-production with DWA, with 1/3 of the film being produced in China.[6] The studio's first original film, titled Abominable, followed in 2019.[10] On March 15, 2017, it was reported that NBCUniversal would sell off its stake in Oriental DreamWorks for restructuring and possibly face problems with Chinese antitrust investigation.[11]
A film adaption of The Tibet Code, co-produced by China Film Group, was announced, but was cancelled.[12][13][14]
On September 26, 2017, Peilin Chou was promoted to the role of Chief Creative Officer.[15]
On February 1, 2018, CMC Capital Partners announced that they have taken the full ownership of Oriental DreamWorks and renamed it as Pearl Studio. Universal Pictures and DreamWorks Animation still continued to collaborate with Pearl Studio for Abominable in 2019. Frank Zhu was appointed CEO.[16]
On September 29, 2019, it was reported that Abominable grossed $30 million worldwide during its opening weekend.[17]
Productions
Feature films
Production company
| Title | Release date | Distributor | Co-production with |
|---|---|---|---|
| Kung Fu Panda 3 | January 29, 2016 | 20th Century Fox | DreamWorks Animation China Film Group Corporation Zhong Ming You Ying Film |
| Abominable | September 27, 2019 | Universal Pictures | DreamWorks Animation Zhong Ming You Ying Film |
| Over the Moon | October 23, 2020 | Netflix | Netflix Animation Glen Keane Productions Sony Pictures Imageworks |
| The Monkey King | August 18, 2023 | Netflix Animation Star Overseas | |
In development
Distributor in China
| Title | China Release date | Worldwide Distributor | Produced by |
|---|---|---|---|
| The Croods | April 20, 2013 | 20th Century Fox (Worldwide) CJ Entertainment (South Korea) |
DreamWorks Animation |
| Turbo | September 18, 2013 | ||
| Mr. Peabody & Sherman | March 28, 2014 | DreamWorks Animation Pacific Data Images Bullwinkle Studios | |
| How to Train Your Dragon 2 | August 14, 2014 | DreamWorks Animation | |
| Penguins of Madagascar | November 14, 2014 | DreamWorks Animation Pacific Data Images | |
| Home | April 24, 2015 | DreamWorks Animation | |
| Trolls | October 28, 2016 |
Additional production work
| Title | Release date | Distributed by | Produced by |
|---|---|---|---|
| How to Train Your Dragon 2 | June 13, 2014 | 20th Century Fox | DreamWorks Animation |
| Penguins of Madagascar | November 26, 2014 | DreamWorks Animation Pacific Data Images | |
| Home | March 27, 2015 | DreamWorks Animation |
Dream Center
 | This article needs to be updated. (March 2018) |
Part of the deal with the Chinese partners was also an entertainment and culture complex called Dream Center. Built in Shanghai with an investment exceeding $2.7 billion,[5] it would feature series of theatres, cinemas, shopping areas, galleries, hotels, restaurants and the world's largest IMAX screen, and was expected to open in 2017 (it was eventually delayed).[1] As of May 2017, the Dream Center is in limbo.
See also
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.