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Pearl Studio

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Shanghai Pearl Studio Film and Television Technology Co., Ltd
Native name
Pearl 东方梦工厂 (Pearl Dōngfāng mèng gōngchǎng)
FormerlyShanghai Oriental DreamWorks Film & Television Technology Co., Ltd. (2012–2018)
Company typePrivate
IndustryFilm industry
FoundedAugust 6, 2012; 12 years ago (2012-08-06)[1]
Founder
Headquarters
Xuhui District, Shanghai[1]
,
China
OwnerChina Media Capital[2] (2018–present)
Number of employees
250 (2014)[3]
ParentDreamWorks Animation (2012–2018)
Websitewww.pearlstudio.com

Shanghai Pearl Studio Film and Television Technology Co., Ltd, doing business as Pearl Studio,[2] formerly known as Oriental DreamWorks, the trade name of Shanghai Oriental DreamWorks Film & Television Technology Co., Ltd., is a Chinese animation film production company owned by CMC Capital Partners. The company was founded as a Chinese-American joint venture in 2012 by DreamWorks Animation and Chinese investment companies. The company mainly produces Chinese-themed animated and live-action films and their derivatives for distribution within China and worldwide. In 2018, CMC (China Media Capital) acquired NBCUniversal's stake in the studio.

History

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Oriental DreamWorks logo.

On February 17, 2012, DreamWorks Animation announced a joint venture with China Media Capital, Shanghai Media Group and Shanghai Alliance Investment to build a Shanghai based family entertainment company named Shanghai Oriental DreamWorks Film & Television Technology Co., Ltd. or Oriental DreamWorks for short. The new venture was expected to develop and produce original Chinese animated and live-action content for distribution within China and worldwide. The company also produces live entertainment content, theme parks, games and consumer products. Oriental DreamWorks, owned 45% by DWA and 55% by the Chinese partners,[4] launched on August 6, 2012,[1] with cash and intellectual capital worth $350 million.[5] To produce animated films, 37 Entertainment, a Chinese animation studio with 175 employees, which had already worked on some of DWA's television productions, has been acquired.[6]

Beside producing its own content, Oriental DreamWorks acts also as a distributor for DWA's productions. Releasing The Croods in 2013, ODW became the first company in 20–30 years that got a license to import Western films.[7]

On November 25, 2015, Peilin Chou was appointed as the head of creative for feature animation at Oriental DreamWorks.[8]

The studio's first animated feature film, Kung Fu Panda 3, was released on January 29, 2016,[9] and was made in co-production with DWA, with 1/3 of the film being produced in China.[6] The studio's first original film, titled Abominable, followed in 2019.[10] On March 15, 2017, it was reported that NBCUniversal would sell off its stake in Oriental DreamWorks for restructuring and possibly face problems with Chinese antitrust investigation.[11]

A film adaption of The Tibet Code, co-produced by China Film Group, was announced, but was cancelled.[12][13][14]

On September 26, 2017, Peilin Chou was promoted to the role of Chief Creative Officer.[15]

On February 1, 2018, CMC Capital Partners announced that they have taken the full ownership of Oriental DreamWorks and renamed it as Pearl Studio. Universal Pictures and DreamWorks Animation still continued to collaborate with Pearl Studio for Abominable in 2019. Frank Zhu was appointed CEO.[16]

On September 29, 2019, it was reported that Abominable grossed $30 million worldwide during its opening weekend.[17]

Productions

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Feature films

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Production company

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Title Release date Distributor Co-production with
Kung Fu Panda 3 January 29, 2016 20th Century Fox DreamWorks Animation
China Film Group Corporation
Zhong Ming You Ying Film
Abominable September 27, 2019 Universal Pictures DreamWorks Animation
Zhong Ming You Ying Film
Over the Moon October 23, 2020 Netflix Netflix Animation
Glen Keane Productions
Sony Pictures Imageworks
The Monkey King August 18, 2023 Netflix Animation
Star Overseas
In development
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Title Notes
Untitled Chinatown Project [18]
Illumikitty [18]
Lucky [18]
Anitya [19]
Ultraland [20]
In the Stars [21]

Distributor in China

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Title China Release date Worldwide Distributor Produced by
The Croods April 20, 2013 20th Century Fox (Worldwide)
CJ Entertainment (South Korea) 		DreamWorks Animation
Turbo September 18, 2013
Mr. Peabody & Sherman March 28, 2014 DreamWorks Animation
Pacific Data Images
Bullwinkle Studios
How to Train Your Dragon 2 August 14, 2014 DreamWorks Animation
Penguins of Madagascar November 14, 2014 DreamWorks Animation
Pacific Data Images
Home April 24, 2015 DreamWorks Animation
Trolls October 28, 2016

Additional production work

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Title Release date Distributed by Produced by
How to Train Your Dragon 2 June 13, 2014 20th Century Fox DreamWorks Animation
Penguins of Madagascar November 26, 2014 DreamWorks Animation
Pacific Data Images
Home March 27, 2015 DreamWorks Animation

Dream Center

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Part of the deal with the Chinese partners was also an entertainment and culture complex called Dream Center. Built in Shanghai with an investment exceeding $2.7 billion,[5] it would feature series of theatres, cinemas, shopping areas, galleries, hotels, restaurants and the world's largest IMAX screen, and was expected to open in 2017 (it was eventually delayed).[1] As of May 2017, the Dream Center is in limbo.

See also

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References

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  1. ^ a b c d DreamWorks Animation (August 6, 2012). "Rising Dreams in the Orient: Oriental DreamWorks To Establish Headquarters in Xuhui". DreamWorks Animation. Archived from the original on December 8, 2012. Retrieved September 18, 2012.
  2. ^ a b Amidi, Amid (February 2, 2018). "Oriental Dreamworks Relaunches As 100% Chinese-Owned Pearl Studio". Cartoon Brew. Retrieved February 2, 2018.
  3. ^ "DreamWorks Animation SKG's (DWA) CEO Jeffrey Katzenberg on Q3 2014 Results - Earnings Call Transcript". Seeking Alpha. October 29, 2014. Retrieved October 30, 2014. Our studio is now up and running with 250 people,...
  4. ^ "Oriental DreamWorks Rewrites Its China Production Strategy". Variety. September 6, 2013. Retrieved November 14, 2013.
  5. ^ a b Szalai, Georg (October 10, 2012). "DreamWorks Oriental to Eventually Produce Two, Three Films a Year in China". The Hollywood Reporter. Retrieved November 26, 2012.
  6. ^ a b "DreamWorks Animation SKG Management Discusses Q3 2012 Results - Earnings Call Transcript". Seeking Alpha. November 1, 2012. Retrieved November 26, 2012.
  7. ^ "DreamWorks Animation SKG Management Discusses Q1 2013 Results - Earnings Call Transcript". Seeking Alpha. April 30, 2013. Retrieved May 1, 2013.
  8. ^ Thill, Scott (November 25, 2015). "Peilin Chou Will Head Up Oriental DreamWorks' East-West Creative Fusion". Cartoon Brew. Retrieved February 3, 2018.
  9. ^ "Bryan Cranston, Mads Mikkelsen & Rebel Wilson Board 'Kung Fu Panda 3'". Deadline. April 9, 2013. Retrieved April 11, 2013.
  10. ^ D'Alessandro, Anthony (December 5, 2016). "'How To Train Your Dragon 3' Flies To 2019; Uni's DWA To Scale 'Everest'". Deadline. Retrieved December 6, 2016.
  11. ^ Patrick Frater (March 15, 2017). "Oriental DreamWorks Heads for Restructuring, Sale". Variety. Retrieved July 17, 2017.
  12. ^ Jie, Du; Fang, Tong (June 8, 2013). "DreamWorks sees global potential in Tibet Code". Xinhuanet.com. Xinhua News Agency. Archived from the original on June 26, 2013. Retrieved April 4, 2014.
  13. ^ Coonan, Clifford (April 21, 2013). "Katzenberg Touts 'Tibet' as He Targets Chinese Auds". Variety. Penske Business Media. Retrieved April 4, 2014.
  14. ^ Zhang, Rui (April 20, 2013). "DreamWorks to make bestseller Tibet Code into film". China Internet Information Center. Retrieved April 4, 2014.
  15. ^ Tartaglione, Nancy (September 26, 2017). "Oriental DreamWorks Names Peilin Chou As CCO; Designs Robust Animation Slate". Deadline. Retrieved February 3, 2018.
  16. ^ "China's CMC Takes Full Ownership of NBCUniversal's Oriental DreamWorks". The Hollywood Reporter. Retrieved February 3, 2018.
  17. ^ D'Alessandro, Anthony (September 29, 2019). "DreamWorks Animation & Pearl Studio's 'Abominable' Bigfoots B.O. With Near-$21M Opening Weekend". Deadline. Retrieved November 2, 2019.
  18. ^ a b c Amidi, Amid (October 3, 2017). "Don't Count Out Oriental Dreamworks; Chinese Studio Announces 6 Feature Film Projects". Cartoon Brew. Retrieved February 2, 2018.
  19. ^ "'Over the Moon' Studio Pearl Unveils Three New Features, Talent Accelerator". December 2, 2021.
  20. ^ "'Over the Moon' Studio Pearl Unveils Three New Features, Talent Accelerator". December 2, 2021.
  21. ^ "'Over the Moon' Studio Pearl Unveils Three New Features, Talent Accelerator". December 2, 2021.
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