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Pearl Studio

From Wikipedia, the free encyclopedia
Chinese film production company

Shanghai Pearl Studio Film and Television Technology Co., Ltd
Native name
Pearl 东方梦工厂 (Pearl Dōngfāng mèng gōngchǎng)
FormerlyShanghai Oriental DreamWorks Film & Television Technology Co., Ltd. (2012–2018)
Company typeSubsidiary
IndustryFilm industry
FoundedAugust 6, 2012; 13 years ago (2012-08-06)[1]
Founder
Headquarters,
China
OwnerChinese Partners (55%, 2012-2018)
DreamWorks Animation (45%, 2012–2018)
Number of employees
250 (2014)[2]
ParentChina Media Capital[3] (2018–present)
Websitewww.pearlstudio.com

Shanghai Pearl Studio Film and Television Technology Co., Ltd, doing business asPearl Studio,[3] formerly known asOriental DreamWorks, the trade name ofShanghai Oriental DreamWorks Film & Television Technology Co., Ltd., is a Chinese animation film production company owned byCMC Capital Partners. The company was founded as a Chinese-American joint venture in 2012 byDreamWorks 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) acquiredNBCUniversal's stake in the studio.

History

[edit]
Oriental DreamWorks logo.

On February 17, 2012,DreamWorks Animation announced a joint venture withChina Media Capital,Shanghai Media Group and Shanghai Alliance Investment to build aShanghai 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. ReleasingThe 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, titledAbominable, 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 ofThe Tibet Code, co-produced byChina 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 forAbominable in 2019. Frank Zhu was appointed CEO.[16]

On September 29, 2019, it was reported thatAbominable grossed $30 million worldwide during its opening weekend.[17]

Productions

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Feature films

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Production company

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TitleRelease dateDistributorCo-production with
Kung Fu Panda 3January 29, 201620th Century FoxDreamWorks Animation
China Film Group Corporation
Zhong Ming You Ying Film
AbominableSeptember 27, 2019Universal PicturesDreamWorks Animation
Zhong Ming You Ying Film
Over the MoonOctober 23, 2020NetflixNetflix Animation
Glen Keane Productions
Sony Pictures Imageworks
The Monkey KingAugust 18, 2023Netflix Animation
Star Overseas
In development
[edit]
TitleNotes
Untitled Chinatown Project[18]
Illumikitty[18]
Lucky[18]
Anitya[19]
Ultraland[20]
In the Stars[21]

Distributor in China

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TitleChina Release dateWorldwide DistributorProduced by
TurboSeptember 18, 201320th Century Fox (Worldwide)
CJ Entertainment (South Korea)
DreamWorks Animation
Mr. Peabody & ShermanMarch 28, 2014DreamWorks Animation
Pacific Data Images
Bullwinkle Studios
Penguins of MadagascarNovember 14, 2014DreamWorks Animation
Pacific Data Images
HomeApril 24, 2015DreamWorks Animation
TrollsOctober 28, 2016

Additional production work

[edit]
TitleRelease dateDistributed byProduced by
Penguins of MadagascarNovember 26, 201420th Century FoxDreamWorks Animation
Pacific Data Images
HomeMarch 27, 2015DreamWorks Animation

Dream Center

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This article needs to beupdated. Please help update this article to reflect recent events or newly available information.(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 largestIMAX 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

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References

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  1. ^abcdDreamWorks Animation (August 6, 2012)."Rising Dreams in the Orient: Oriental DreamWorks To Establish Headquarters in Xuhui".DreamWorks Animation. Archived fromthe original on December 8, 2012. RetrievedSeptember 18, 2012.
  2. ^"DreamWorks Animation SKG's (DWA) CEO Jeffrey Katzenberg on Q3 2014 Results - Earnings Call Transcript".Seeking Alpha. October 29, 2014. RetrievedOctober 30, 2014.Our studio is now up and running with 250 people,...
  3. ^abAmidi, Amid (February 2, 2018)."Oriental Dreamworks Relaunches As 100% Chinese-Owned Pearl Studio".Cartoon Brew. RetrievedFebruary 2, 2018.
  4. ^"Oriental DreamWorks Rewrites Its China Production Strategy".Variety. September 6, 2013. RetrievedNovember 14, 2013.
  5. ^abSzalai, Georg (October 10, 2012)."DreamWorks Oriental to Eventually Produce Two, Three Films a Year in China".The Hollywood Reporter. RetrievedNovember 26, 2012.
  6. ^ab"DreamWorks Animation SKG Management Discusses Q3 2012 Results - Earnings Call Transcript".Seeking Alpha. November 1, 2012. RetrievedNovember 26, 2012.
  7. ^"DreamWorks Animation SKG Management Discusses Q1 2013 Results - Earnings Call Transcript".Seeking Alpha. April 30, 2013. RetrievedMay 1, 2013.
  8. ^Thill, Scott (November 25, 2015)."Peilin Chou Will Head Up Oriental DreamWorks' East-West Creative Fusion".Cartoon Brew. RetrievedFebruary 3, 2018.
  9. ^"Bryan Cranston, Mads Mikkelsen & Rebel Wilson Board 'Kung Fu Panda 3'".Deadline. April 9, 2013. Archived fromthe original on April 11, 2013. RetrievedApril 11, 2013.
  10. ^D'Alessandro, Anthony (December 5, 2016)."'How To Train Your Dragon 3' Flies To 2019; Uni's DWA To Scale 'Everest'". Deadline. RetrievedDecember 6, 2016.
  11. ^Patrick Frater (March 15, 2017)."Oriental DreamWorks Heads for Restructuring, Sale".Variety. RetrievedJuly 17, 2017.
  12. ^Jie, Du; Fang, Tong (June 8, 2013)."DreamWorks sees global potential in Tibet Code".Xinhuanet.com.Xinhua News Agency. Archived fromthe original on June 26, 2013. RetrievedApril 4, 2014.
  13. ^Coonan, Clifford (April 21, 2013)."Katzenberg Touts 'Tibet' as He Targets Chinese Auds".Variety.Penske Business Media. RetrievedApril 4, 2014.
  14. ^Zhang, Rui (April 20, 2013)."DreamWorks to make bestseller Tibet Code into film".China Internet Information Center. RetrievedApril 4, 2014.
  15. ^Tartaglione, Nancy (September 26, 2017)."Oriental DreamWorks Names Peilin Chou As CCO; Designs Robust Animation Slate".Deadline. RetrievedFebruary 3, 2018.
  16. ^"China's CMC Takes Full Ownership of NBCUniversal's Oriental DreamWorks".The Hollywood Reporter. RetrievedFebruary 3, 2018.
  17. ^D'Alessandro, Anthony (September 29, 2019)."DreamWorks Animation & Pearl Studio's 'Abominable' Bigfoots B.O. With Near-$21M Opening Weekend".Deadline. Archived fromthe original on September 27, 2019. RetrievedNovember 2, 2019.
  18. ^abcAmidi, Amid (October 3, 2017)."Don't Count Out Oriental Dreamworks; Chinese Studio Announces 6 Feature Film Projects".Cartoon Brew. RetrievedFebruary 2, 2018.
  19. ^"'Over the Moon' Studio Pearl Unveils Three New Features, Talent Accelerator". December 2, 2021.
  20. ^"'Over the Moon' Studio Pearl Unveils Three New Features, Talent Accelerator". December 2, 2021.
  21. ^"'Over the Moon' Studio Pearl Unveils Three New Features, Talent Accelerator". December 2, 2021.

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