background img

The New Stuff

273 Views

Universal Trying to Sell Stake in Oriental DreamWorks


Well, it looks like the honeymoon is over. Despite many of Hollywood’s biggest studios seemingly warming up to the idea of establishing operations in China in the recent years, it looks like Universal wants out. According to a recent report from The Financial Times, the studio is seeking to sell its 45% stake in the venture that it received upon Comcast’s acquisition of DreamWorks Animation back in 2016. The majority 55% holding is owned by Chinese investment and media group China Media Capital. This is not to say that other western studios aren’t interested, because Warner Bros. Is reportedly in talks to acquire the shares that Universal doesn’t want.

The Financial Times’ report posits that Universal and CMC had some degree of falling out as a result of a disagreement over strategy at the animation company and that it could be scaled down. Universal, for its part, wasn’t in any trouble because they have the means to produce their own animated content, thanks to a healthy relationship with Illumination Studio. CMC head Li Ruigang seems to be positive about the status of their relationship with Universal: “I am more focused on just China and less globally, while they want to make films in China for the world. Today the priority of Universal is a theme park in Beijing,” he said.

The following two tabs change content below.
A stay-at-home mom who writes enjoys pop culture in all of its forms. You can find more of her stuff at Super Hero Stuff I Want

Recently Published

»

Devil’s Due Comics Turns Bernie Sanders into a Superhero

If the image of Bernie Sanders dressed as He-Man got you wondering ...

»

Miraculous finds new U.S. TV home on Disney Channel

Maybe the third time will be the charm for Miraculous: Tales of ...

»

AT&T and Turner Collaborate on Captain Planet Game for Earth Day 2019

In celebration of Earth Day 2019, AT&T and Turner joined forces ...

»

Chinese Courts: Mecard doesn’t violate Bakugan patents, but Sky Warrior does

In what Choirock is calling a “complete victory,” the ...

»

One Punch Man and Naruto Movies Make Their Way to Canada via Tubi

VIZ Media recently announced that the popular Naruto movies, Ninja ...

»

WATCH: HBO Backstories – The Game of Thrones

HBO recently launched a short-form series titled HBO Backstories. ...

»

New TV Spot for Toy Story 4

Disney-Pixar has just released a new TV spot for its highly ...

»

Warner Preps New Movie Based on Minecraft

Warner Bros. is looking to bring yet another popular franchise to ...

»

New Canadian Station, Toon-A-Vision, Adds Yu-Gi-Oh! ZEXAL to Lineup

There is a New Canadian cable station called Ton-A-Vision. And it is ...

Skip to toolbar