Walt Disney Co., the world’s largest entertainment company, plans to co-produce “Iron Man 3” with Beijing film studio DMG Entertainment as collaborations between Hollywood and Chinese studios increase.
The movie will have an investment of least 1 billion yuan ($158 million), DMG Chairman Peter Xiao told reporters in Beijing yesterday. The Chinese company will invest in the production and help distribute it in China, Burbank, California- based Disney said today in a statement. (Source: Bloomberg)
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