LOS ANGELES, March 6, 2015 /PRNewswire/ -- Wanda Studio Qingdao ("WSQ"), a subsidiary of Dalian Wanda Group, today made its debut at the annual Locations Show, organized by the Association of Film Commissioners International ("AFCI"). As the only Chinese exhibitor present at this year's event, which showcases the world's premier production locations, WSQ's high-profile status attracted significant attention.
WSQ will stand as the world's largest film and television studio spread across 200 hectares, or 494 acres. Upon completion, the development will house thirty purpose built production stages, China's most advanced temperature-controlled underwater stage, and the country's largest exterior water tank, a combination of natural scenery and custom-built locations, in addition to world-class facilities for post-production that will deliver the most advanced working environment. Such state-of-art facilities will allow WSQ to serve both the Chinese and overseas markets as a world class production base with offerings spanning the entire film and television industry. The first phase of production facilities are scheduled to open in April 2017.
In addition to providing the highest quality production environment, the Wanda Group and the Qingdao Municipal Government has jointly established China's first film and television industry development fund. This dynamic and groundbreaking incentive program will provide significant financial support to qualifying projects from Chinese and international production companies. Film and television companies that register and operate on the studio lot will also receive competitive tax rebates for qualifying productions.
Nancy Romano, the COO of Wanda Studios Qingdao said, "We are building a world class film and television studio and we are creating extremely generous production incentives which together will allow Wanda Studios Qingdao to successfully compete on a global scale. When an international production comes to shoot on our lot in the beautiful, coastal city of Qingdao, the cast and crew will be fascinated by the unique cultural experience that this city has to offer."
SOURCE Dalian Wanda Group