Digital Domain Media Group eyes Chinese market

Digital Domain Media Group, parent company of visual effects studio Digital Domain, has struck a partnership with Beijing Galloping Equine Film Co. to create a completely new vfx studio in China, specific especially in the Chinese market.The Two companies will each own fifty percent in the new Digital Domain-Galloping Equine studio, which will provide visual effects, animation and production services.DDMG provides you with technology and understanding of vfx and digital production. Galloping Equine will handle land, construction making-out costs, additionally to leading funding in China's capital areas.DDMG topper John Textor mentioned government grants or loans or financial loans and partner contributions have mitigated his company's risk round the project.Textor told Variety that although eventually the completely new facility may finish up a part of DD's global pipeline, DD already has facilities in La, Vancouver and Florida, together with a deal with Reliance, which has facilities london and Mumbai."We're trying to upgrade the expansion values in the local (China) market that's huge and growing and may sooner or later be bigger than our personal,In . he mentioned.Textor mentioned it may need years to teach up local artists to Western standards. "Developing a Western film because studio," he mentioned, "might be minimal within our concerns. Contact David S. Cohen at david.cohen@variety.com