Oriental DreamWorks is a Chinese/American film production company, founded in 2012 by DreamWorks Animation and Chinese investment companies. The company will mainly produce Chinese-themed animated and live action films and their derivatives for distribution within China and worldwide.
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 is expected to develop and produce original Chinese animated and live action content for distribution within China and worldwide. The company will also produce live entertainment content, theme parks, games and consumer products. Oriental DreamWorks, owned 45% by DWA and 55% by the Chinese partners, launched on August 6, 2012, with the cash and intellectual capital worth of $350 million. 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.
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.
Studio’s first animated feature film, Kung Fu Panda 3, is scheduled to be released in 2015, and will be made in co-production with DWA, with 1/3 of the film being produced in China. The studio’s first original animated film will follow in 2017, and a film per year after that.
The studio has also partnered with China Film Group Corporation and National Film Capital to produce its first live action film based on the best-selling Chinese book series, Tibet Code. The film, which will be shot in China and will feature Chinese actors, is described as “China’s Indiana Jones,” and is expected to be released in 2015.