BEIJING, Nov. 25, 2014 /PRNewswire/ -- Dreams of Dragon Pictures (DDP), the Beijing-based entertainment company best known for its investment in the Hollywood epic Cloud Atlas, announced yesterday that it has signed a strategic three-year partnership with China Film Co., Ltd. (CFC) to promote joint film investment, development, production and distribution.
The parties unveiled a production timeline from 2015 to 2017 comprising approximately 20 films from a broad range of popular genres. Included will be the joint investment and distribution of two mega films -- an epic love story by screenwriter Hui-ling Wang, well-known for her work on Crouching Tiger, Hidden Dragon, and a futuristic disaster film to be backed by a US$200 million investment and leading Hollywood talent. More details about these and other joint projects are to be announced soon.
During a signing ceremony, La Peikang, CFC Chairman, praised the partnership's benefits, "DDP's originality stands out. CFC, as China's film market leader, is responsible for the development of a strong local industry. We look forward to DDP bringing a fresh and creative energy while we leverage CFC's vast resources to create new classics that reflect a Chinese dream of cultural revitalization and set a new bar for the Chinese film industry."
"CFC is the largest film studio in China and boasts incomparable experience and capacity for all aspects of film production, project development and resource consolidation," said Wilson Qiu, Chairman and CEO of DDP. "We are excited about this new opportunity to jointly present films that are both commercially successful and set high artistic standards."
DDP, founded in 2008, is a Chinese film and TV production house and distribution company with major film titles including Heaven Eternal, Earth Everlasting, Cloud Atlas, and Silent Witness. The company is currently working closely with leading scriptwriters and directors to develop more than 40 original film projects.
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SOURCE Dreams of Dragon Pictures