|China's richest man, Wang Jianlin|
Be afraid of China, be very afraid of China (from the film industry's competitiveness perspective)!
Two days ago, news about China's richest man, Wang Jianlin (left), planned to build the world's largest movie studio has set the worldwide film industry scene ablaze. So, in the forthcoming future, Hollywood might be overtaken by the Chinawood.
The $8.2-billion project is named the Oriental Movie Metropolis, it will be the house of 20 studios and a permanent underwater stage. It is to be located an hour outside Qingdao, a coastal city with more than 8.7 million people.It will also house a 1,300-acre theme park that includes a wax museum, yacht club, exhibition center and hotels.
In the recent official publicity stunt, some of the Hollywood A list actors/actresses like John Travolta, Nicole Kidman and Catherine Zeta-Jones were presented. Soon, the east might just over-shadowed the west in the world film industry.