NICOLE Kidman attended a star-studded event that has seen China's richest man announce plans to spend 50 billion yuan ($A8.79 billion) to build the country's version of Hollywood in the northeastern city of Qingdao.
Wang Jianlin's red carpet event in Qingdao on Sunday underlined his outsized ambitions for China's entertainment industry. Kidman, Ewan McGregor, Catherine Zeta-Jones, John Travolta and Leonardo DiCaprio rubbed elbows with Chinese stars including Zhang Ziyi, Jet Li and Tony Leung at the event in Qingdao, best known for Tsingtao Brewery founded when Germany colonised the city a century ago.
Wang's success in attracting the A-list actors to his launch, held the same day as the Emmy entertainment awards show in Los Angeles, also highlights how the centre of gravity in the global film industry is shifting to the east.
The tycoon said his company, Dalian Wanda Group, will build a state-of-the-art film studio complex in a bid to dominate China's rapidly growing movie market.
The Qingdao Oriental Movie Metropolis's 20 studios will include a permanent underwater studio and a 10,000 square-metre stage that Wang said would be the world's biggest. The facility will also include an Imax research and development centre, cinemas and China's biggest film and celebrity wax museums. The first phase is planned to open in June 2016 and it will be fully operational by June 2017.
A yacht marina, eight hotels and a theme park will be built to attract tourists.
The company has signed a preliminary deal with "a number of global film and television giants and talent agencies" to shoot about 30 foreign films a year. It did not name the companies.
Wang also hopes to attract more than 50 Chinese production companies to make at least 100 domestic films and TV shows a year at the studios, where sets will simulate locations from Europe, the Middle East and China's Ming and Qing dynasties.
He predicted China's film market would become the world's biggest in five years, and compared it to a big cake that foreign studios would love to share.
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