The total investment for the project is expected to reach one billion US dollars.
Guangzhou, September 21, 2015 /PRNewswire/ -- Invited by the US-China Chamber of Commerce South China Chapter (AmCham South China), a delegation from Hollywood (China) Investment Group, which holds the exclusive rights to develop Paramount theme parks in China, arrived in Guangzhou last night. The delegation met with leaders from the Guangzhou Municipal Commission of Commerce this morning and will conduct on-site inspections of potential project sites this afternoon.
President Harry of the US-China Chamber of Commerce South China Chapter and his wife meet with representatives of the investors for the Hollywood China Dream City and Paramount Theme Park project (from left to right: President Harry of the US-China Chamber of Commerce South China Chapter, Mrs. Sun Hui, President Harry’s wife, Dr. Demos Vardiabasis, Chairman of the Board of Directors of Hollywood (China) Investment Group, Ms. Huang Suzhuang, Executive Vice Chairwoman of Paramount Theme Park Greater China Region of Hollywood (China) Investment Group, and Mr. Wang Shizeng, Executive President of the Fujian Chamber of Commerce in Guangdong Province)
The leader of the delegation, Dr. Demos Vardiabasis, Founding Chairman of the California Entertainment Tourism Council and Chairman of Hollywood (China) Investment Group, has long been committed to exchanges and cooperation in the field of Sino-US cultural and creative industries. Together with Paramount Pictures, he initiated the development of the Paramount Theme Park, and collaborated with the Hollywood Entertainment & Media Alliance (MESA), the Hollywood IT Industry Association, and several cutting-edge Hollywood film and TV technology companies to launch the "Hollywood China Dream" project in China.Cityand Paramount Theme Park. The total investment for the three phases of this project is expected to reach 10 billion US dollars.
The Paramount Theme Park is the world's third-largest film and television theme park under Paramount Pictures, following Disney and Universal Studios in the United States. It has operated in Florida, USA, for 15 years, employing 27,000 staff and receiving 14 million visitors annually. It is currently planning to establish five Paramount Theme Parks and three Paramount Film and TV Experience Centers globally.
President Harry stated:"In recent years, Hollywood's major film studios have placed great importance on the Chinese market, and Chinese elements have also become highly favored in Hollywood blockbusters. The Hollywood China Dream City project aligns with the core interests of multi-sectoral, medium- to long-term, and governmental and civilian exchanges and interactions between China and the United States; it will serve as a key engine for rapidly advancing the development of China's cultural industry. If successfully established in Guangdong, this project will significantly enhance Guangdong Province's important position in the global film, television, and cultural tourism industry, laying an important foundation for promoting the internationalization of its film and television cultural industries."
The delegation will also visit Shenzhen on the 22nd to meet with municipal government leaders and conduct on-site inspections of areas such as Shenzhen Pastoral Scenic Tourism Area.
Photo - http://photos.prnasia.com/prnh/20150921/0861508919