Wanda prepares film, television industrial park
<p><span word="Download">Download</span></p><p><span word="Dalian">Dalian</span> <span word="Wanda">Wanda</span> <span word="Group">Group</span> <span word="announced">announced</span> <span word="on">on</span> <span word="Sunday">Sunday</span> <span word="plans">plans</span> <span word="to">to</span> <span word="establish">establish</span> <span word="a">a</span> <span word="huge">huge</span> <span word="movie">movie</span> <span word="industry">industry</span> <span word="project">project</span> <span word="in">in</span> <span word="Qingdao">Qingdao</span>, <span word="Shandong">Shandong</span> <span word="province">province</span>, <span word="with">with</span> <span word="an">an</span> <span word="investment">investment</span> <span word="of">of</span> <span word="more">more</span> <span word="than">than</span> 50 <span word="billion">billion</span> <span word="yuan">yuan</span> ($8.2<span word="billion">billion</span>).</p><p><span word="The">The</span> 3.76-<span word="million">million</span>-<span word="square">square</span> <span word="meter">meter</span> <span word="Qingdao">Qingdao</span> <span word="Oriental">Oriental</span> <span word="Movie">Movie</span> <span word="Metropolis">Metropolis</span> <span word="will">will</span> <span word="have">have</span> <span word="a">a</span> <span word="film">film</span> <span word="and">and</span> <span word="television">television</span> <span word="industrial">industrial</span> <span word="park">park</span>, <span word="a">a</span> <span word="film">film</span> <span word="and">and</span> <span word="TV">TV</span> <span word="convention">convention</span> <span word="and">and</span> <span word="exhibition">exhibition</span> <span word="center">center</span>, <span word="resort">resort</span> <span word="hotels">hotels</span> <span word="and">and</span> <span word="a">a</span> <span word="yacht">yacht</span> <span word="club">club</span>.</p><p>"<span word="We">We</span> <span word="spent">spent</span> <span word="about">about</span> <span word="four">four</span> <span word="years">years</span> <span word="considering">considering</span> <span word="the">the</span> <span word="project">project</span>," <span word="said">said</span> <span word="Wang">Wang</span> <span word="Jianlin">Jianlin</span>, <span word="chairman">chairman</span> <span word="of">of</span> <span word="Wanda">Wanda</span> <span word="Group">Group</span>, <span word="one">one</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="leading">leading</span> <span word="property">property</span> <span word="conglomerates">conglomerates</span>.</p><p><span word="Wang">Wang</span> <span word="said">said</span> <span word="the">the</span> <span word="company">company</span> <span word="originally">originally</span> <span word="had">had</span> <span word="intended">intended</span> <span word="to">to</span> <span word="build">build</span> <span word="just">just</span> <span word="a">a</span> <span word="movie">movie</span> <span word="studio">studio</span>, <span word="but">but</span> <span word="given">given</span> <span word="the">the</span> <span word="unstable">unstable</span> <span word="cash">cash</span> <span word="flow">flow</span> <span word="and">and</span> <span word="high">high</span> <span word="risk">risk</span> <span word="of">of</span> <span word="the">the</span> <span word="film">film</span> <span word="and">and</span> <span word="TV">TV</span> <span word="industry">industry</span>, <span word="it">it</span> <span word="decided">decided</span> <span word="to">to</span> <span word="extend">extend</span> <span word="the">the</span> <span word="project">project</span> <span word="to">to</span> <span word="include">include</span> <span word="tourism">tourism</span> <span word="and">and</span> <span word="commercial">commercial</span> <span word="property">property</span>.</p><p>"<span word="We">We</span> <span word="value">value</span> <span word="highly">highly</span> <span word="the">the</span> <span word="importance">importance</span> <span word="of">of</span> <span word="the">the</span> <span word="ratio">ratio</span> <span word="of">of</span> <span word="cash">cash</span> <span word="flow">flow</span> <span word="over">over</span> <span word="liability">liability</span>, <span word="and">and</span> <span word="the">the</span> <span word="cash">cash</span> <span word="flow">flow</span> <span word="of">of</span> <span word="the">the</span> <span word="tourism">tourism</span> <span word="industry">industry</span> <span word="and">and</span> <span word="commercial">commercial</span> <span word="property">property</span> <span word="is">is</span> <span word="stable">stable</span> <span word="and">and</span> <span word="predictable">predictable</span> <span word="compared">compared</span> <span word="with">with</span> <span word="the">the</span> <span word="film">film</span> <span word="and">and</span> <span word="TV">TV</span> <span word="sector">sector</span>," <span word="Wang">Wang</span> <span word="said">said</span>.</p><p><span word="Back">Back</span> <span word="lots">lots</span> <span word="in">in</span> <span word="the">the</span> <span word="film">film</span> <span word="and">and</span> <span word="TV">TV</span> <span word="industrial">industrial</span> <span word="park">park</span> <span word="will">will</span> <span word="feature">feature</span> <span word="multiple">multiple</span> <span word="scenes">scenes</span>, <span word="including">including</span> <span word="European">European</span> <span word="settings">settings</span>, <span word="ancient">ancient</span> <span word="Chinese">Chinese</span> <span word="capitals">capitals</span> <span word="in">in</span> <span word="the">the</span> <span word="Ming">Ming</span> <span word="and">and</span> <span word="Qing">Qing</span> <span word="dynasties">dynasties</span>, <span word="and">and</span> <span word="the">the</span> <span word="Arab">Arab</span> <span word="world">world</span>.</p><p><span word="Wanda">Wanda</span> <span word="Group">Group</span> <span word="has">has</span> <span word="reached">reached</span> <span word="preliminary">preliminary</span> <span word="agreements">agreements</span> <span word="with">with</span> <span word="a">a</span> <span word="number">number</span> <span word="of">of</span> <span word="global">global</span> <span word="movie">movie</span> <span word="companies">companies</span> <span word="and">and</span> <span word="casting">casting</span> <span word="agencies">agencies</span> <span word="to">to</span> <span word="ensure">ensure</span> <span word="the">the</span> <span word="facilities">facilities</span> <span word="are">are</span> <span word="put">put</span> <span word="to">to</span> <span word="good">good</span> <span word="use">use</span>. <span word="Deals">Deals</span> <span word="have">have</span> <span word="been">been</span> <span word="made">made</span> <span word="for">for</span> <span word="about">about</span> 30 <span word="foreign">foreign</span> <span word="movies">movies</span> <span word="a">a</span> <span word="year">year</span> <span word="to">to</span> <span word="be">be</span> <span word="shot">shot</span> <span word="in">in</span> <span word="Qingdao">Qingdao</span> <span word="Oriental">Oriental</span> <span word="Movie">Movie</span> <span word="Metropolis">Metropolis</span>. <span word="In">In</span> <span word="addition">addition</span>, <span word="more">more</span> <span word="than">than</span> 50 <span word="domestic">domestic</span> <span word="film">film</span> <span word="and">and</span> <span word="TV">TV</span> <span word="production">production</span> <span word="companies">companies</span> <span word="are">are</span> <span word="scheduled">scheduled</span> <span word="to">to</span> <span word="produce">produce</span> <span word="around">around</span> 100 <span word="films">films</span> <span word="and">and</span> <span word="TV">TV</span> <span word="series">series</span> <span word="there">there</span> <span word="per">per</span> <span word="year">year</span>.</p>
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