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Monday, 27 February 2012 - Exclusive: Universal in early talks on China park, joint venture |
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All the nominees in the major categories.   Slideshow  Follow Reuters Facebook Twitter RSS YouTube Read Seven U.S. soldiers wounded after Afghan NATO base attacked | 11:27am EST Oscars aim for surprises to spice up show 3:17pm EST Maine's biggest lobster returned to Atlantic Ocean 24 Feb 2012 G20 works on huge rescue deal for April | 3:12pm EST Syria referendum goes ahead amid military onslaught | 3:10pm EST Discussed 110 Afghans begin second day protest at Koran burning 95 Analysis: Can United States defuse Koran burning uproar? 94 Taliban urge Afghans to attacks Westerners Watched Sacha Baron Cohen gets a warning from Oscar Fri, Feb 24 2012 Video shows exact moment of train crash in Argentina Thu, Feb 23 2012 Treasure returned to Spain. Sat, Feb 25 2012 Exclusive: Universal in early talks on China park, joint venture Tweet Share this Email Print Related News China's Xi sells U.S. trade elixir, personal chemistry Sat, Feb 18 2012 Dreamworks Animation heads to China Fri, Feb 17 2012 Xi waves off China economy fears, triggers deals Fri, Feb 17 2012 Obama friendly but firm with China heir apparent Wed, Feb 15 2012 Disney earnings beat despite shaky economy Wed, Feb 8 2012 Analysis & Opinion Market reform in China: Should we believe it? Céad míle fáilte for the new Chinese leader Related Topics Entertainment » Fashion » Film » China » By Ronald Grover Sun Feb 26, 2012 12:19pm EST (Reuters) - Tianjin, China's sixth-largest city, has held preliminary talks with Comcast Corp's NBC Universal about a joint venture to build a theme park in the port city, according to the head of a Chinese trade delegation visiting Los Angeles. The Tianjin city government also intends to meet at a later date with other Hollywood studios, angling to become the latest to partner with U.S. media conglomerates and develop entertainment for China's growing consumer base, while fostering a future generation of local filmmakers. "We are establishing a center for culture and creativity and we want to become partners with the biggest and best companies in this area," Tianjin Vice Mayor Cui Jindu said through an interpreter in a phone interview with Reuters. "They have a lot of experience in this." It can take years to hammer out theme park agreements in China, as Walt Disney Co learned with its Shanghai endeavor. Several cities, including Beijing, have reportedly vied in past years for such high-profile investments, eyeing the prestige attached to a major global tourist attraction. The Chinese official, part of a delegation in Los Angeles on Academy Awards weekend, convened at the home of Joan Dangerfield, the widow of comedian Rodney Dangerfield. Dangerfield is a partner in the Beverly Hills-based consultant, Opus 73, that links foreign investors with U.S. companies. Cui did not indicate that a deal with Universal was imminent, but he said Tianjin -- city of about 10 million within easy distance of Beijing -- could partner with the major Hollywood company to build a theme park and perhaps even a studio. "There are still hurdles to overcome," he said, adding that his city was prepared to provide a financial contribution to any joint venture created. Any partnership would also need regulatory approval. The Chinese delegation intends to make initial contact with other studios and will talk with other companies in addition to Universal before making a decision. "We want to talk with Warner Brothers, with Disney and others," he said. "We are at the beginning of this." Universal declined to comment. Other Hollywood studios have recently formed alliances with Chinese companies and governmental units. On February 17, "Kung Fu Panda" creator DreamWorks Animation SKG said it planned to build a production studio in Shanghai in a deal that was announced while Chinese Vice President Xi Jinping was visiting Los Angeles, wrapping up a U.S. trip. Last April, Disney broke ground on a $4.4 billion resort in Shanghai that will include a theme park and hotels, and be majority-owned by three large state-owned media or construction companies. In May, Tianjin itself opened a $690 million animation studio to help boost its local animation industry. The Chinese delegation, which arrived two days before the annual Academy Awards ceremony, had no plans to attend the Oscars event itself, Cui said. "But we will attend some of the peripheral events," he added. (Reporting By Edwin Chan; Editing by Maureen Bavdek) Entertainment Fashion Film China Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Oscars 2012: Miso, GetGlue and Other Social TV Apps Take Aim 3:32pm EST These app creators think Oscar viewers will want to watch more than just "The Artist" victory parade Oscars 2012: Billy Crystal's Back and 'The Artist' Could Make History 3:08pm EST Interest in Billy Crystal is high, but viewers may not have enough interest in the nominated movies to stick with the Academy Awards The Oscars That Almost Went Down in Flames 2:54pm EST Laura Ziskin somehow braved smoke and fire and nipples and Woody Allen to pull off a huge, crazy, historic Oscars the first year at the theater formerly known as Kodak Rupert Murdoch's Sunday Edition of The Sun Makes its Debut 1:53pm EST Rupert Murdoch launches Sunday edition of The Sun. It has a softer tone than his shuttered News of the World and may signal a shift in his battle to survive the phone hacking and bribery scandal   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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