China’s State General Administration of Press, Publication, Radio, Film and Television (SAPPRFT) has confirmed on its website that DreamWorks Animation’s Kung Fu Panda 3 will receive official co-production status. The news means the film will be treated as a domestic film and bypass the quota system usually imposed upon foreign films. The filmmakers also receive a larger share of box office receipts- 43%- than if they were deemed a foreign film. ...
There's nothing earth-wrenching about the news above. This co-production thingie has been on the drawing boards for a long time. I was told about it a year or more ago, so I don't know if it even qualifies as "news" or not.
Regarding China, DreamWorks Animation is also creating animated features that are designed for (and produced in) the Middle Kingdom. And I haven't the foggiest idea what kind of production time-line those projects are on, but they will no doubt get made in due course.
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Whether they'll see the light of day out of the Pacific Rim is another story!
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