China Media Capital takes full ownership of Oriental DreamWorks
Joint venture to be rebranded as Pearl Studio under CEO Frank Zhu.
Li Ruigang’s China Media Capital (Cmc) has acquired full ownership of Oriental DreamWorks, the animation joint venture it established with DreamWorks Animation in 2012.
NBCUniversal inherited a 45% stake in the joint venture when it acquired DreamWorks Animation for $3.8bn in 2016. Last year, the Financial Times reported that Universal was in talks to selling its stake to Warner Bros.
The joint venture will be rebranded as Pearl Studio and headed by CEO Frank Zhu and chief creative officer Peilin Chou. It has released one big animated feature to date, Kung Fu Panda 3 (pictured), which was considered to have under-performed when it grossed $154m in January 2016.
NBCUniversal and DreamWorks Animation will continue to collaborate with Pearl Studio on its upcoming animated movie Everest, scheduled for release in 2019. Pearl is distributing in China while Universal will handle the rest of the world.
Li Ruigang said in...
Li Ruigang’s China Media Capital (Cmc) has acquired full ownership of Oriental DreamWorks, the animation joint venture it established with DreamWorks Animation in 2012.
NBCUniversal inherited a 45% stake in the joint venture when it acquired DreamWorks Animation for $3.8bn in 2016. Last year, the Financial Times reported that Universal was in talks to selling its stake to Warner Bros.
The joint venture will be rebranded as Pearl Studio and headed by CEO Frank Zhu and chief creative officer Peilin Chou. It has released one big animated feature to date, Kung Fu Panda 3 (pictured), which was considered to have under-performed when it grossed $154m in January 2016.
NBCUniversal and DreamWorks Animation will continue to collaborate with Pearl Studio on its upcoming animated movie Everest, scheduled for release in 2019. Pearl is distributing in China while Universal will handle the rest of the world.
Li Ruigang said in...
- 2/4/2018
- by Liz Shackleton
- ScreenDaily
Similar News
Which streaming stories did you miss this week?
- 5/23/2025
- by David Satin
- The Streamable
‘Harry Potter’ Stars Talk Universal Epic Universe’s Ministry of Magic and Thoughts on Upcoming Series
- 5/23/2025
- by Abbey White
- The Hollywood Reporter - Movie News
‘The Lord of the Rings: The Rings of Power’ and ‘Citadel’ Hit Syndication for the First Time (Exclusive)
- 5/22/2025
- by Anna Marie de la Fuente
- Variety Film + TV
The 40 Best Movies on Amazon Prime (May 2025)
- 5/23/2025
- by Adam Chitwood, Haleigh Foutch
- The Wrap
One week left to get a year of Peacock for just $25
- 5/23/2025
- by David Satin
- The Streamable
Soaring to Life: The Making of How to Train Your Dragon Announced
- 5/23/2025
- by Mirko Parlevliet
- Vital Thrills
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.