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China – Paul, Weiss advises DreamWorks Animation on Establishing the Leading China-Focused Family Entertainment Company.

20 February, 2012

 

 

Paul, Weiss client DreamWorks Animation SKG, Inc. (Nasdaq: DWA) announced that it has agreed to form a joint venture with China Media Capital (CMC), with plans to include Shanghai Media Group (SMG) and Shanghai Alliance Investment, Ltd. (SAIL), to establish the leading China-focused family entertainment company. The joint venture is a groundbreaking and historic alliance to build the first-of-its-kind enterprise to locally conceive, produce and distribute high-quality creative content and family entertainment experiences – not only for the people of China but also for related export markets.
 
Building on the enormous success of Kung Fu Panda 2 in 2011, which became the highest-grossing animated film of all time in the region, Oriental DreamWorks will engage in the development and production of high-quality original Chinese animated and live action content. In addition to content creation, the joint venture will pursue business opportunities in the areas of live entertainment, theme parks, mobile, online, interactive games and consumer products. 
 
The Paul, Weiss team advising on the transaction included corporate partner Jeanette Chan, associates David Lee and Yumin Liu and senior paralegal Bianca Ip.
 
For further information, please contact:
 
Denisha Trouard, Paul, Weiss, Rifkind, Wharton & Garrison
 
 
 
 

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