On the heels of the “Oriental DreamWorks” announcement, The Walt Disney Company announced a joint venture with the China Animation Group and leading internet service provider Tencent, as widely reported in the press this week:
The Walt Disney Company in China, the Ministry of Culture’s China Animation Group, and Tencent, China’s largest internet service provider, have formed a partnership, “The National Animation Creative Research and Development Cooperation,” to advance the country’s animation industry. The organization, announced at a signing ceremony in Beijing today (Tuesday), will serve as an incubator to train local talent and develop original content that will entertain audiences in China and worldwide.
“The National Animation Creative Research and Development initiative is focused on nurturing local talent and recognizes the importance of developing original local animation content,” said Andy Bird, Chairman of Walt Disney International. “Disney’s involvement builds on our expertise and long term commitment to nurture the local original animation industry. As founding partner we look forward to working with this new creative partnership in creating content for the Chinese and international marketplace,” he added.
Mr. Bird was joined at the ceremony by Liang Gang, Chairman of the Board for China Animation Group, Ren Yuxin, a senior executive of Tencent, and Gao Zheng, deputy director general, Cultural Industry Department for the Ministry of Culture.
As part of the initiative, Disney will provide its expertise in storytelling from concept creation and story development to market research. Disney will work with the China Animation Group and Tencent to foster local content across mediums, including television, motion pictures and digital platforms, for distribution in China and internationally. Tencent, one of China’s largest Internet service portals, will provide online marketing support.