Chinese conglomerate company Dalian Wanda in Cannes on Friday unveiled details about its previously announced plans to launch a new “major international film festival” in Qingdao by 2017.
According to The Hollywood Reporter:
The company, which owns U.S. exhibitor AMC Entertainment, also said here that it has named Rose Kuo, most recently executive director of the FIlm Society of Lincoln Center that presents the New York Film Festival, CEO of the new Chinese festival. Kuo is also a former artistic director of Los Angeles’ AFI Fest.
The Qingdao International Film Festival, set to debut in the fall of 2017, “will be a first-class international film festival and serve as a bridge between Eastern and Western filmmaking cultures,” Wanda said.
The news was announced by Hawk Koch, president of the Producers Guild of America and a special advisor to Wanda, who said that Stephen Mensch would serve as CEO of the new film studio and media complex, Qingdao Oriental Movie Industrial Park. Mensch used to be director of strategic production partnerships and studio operations at Turner Broadcasting.
Wanda Cinema Line is a part of the same Dalian Wanda group and is substantially owned by Wang Jianlin, China’s richest man, and his son.
Wang, who decided that China needed a movie production campus to rival the scale of Hollywood’s, held a massive celebrity-filled fest in Qingdao to celebrate the launch of the studio and festival late last year.