Dick Cook Studios Launches in China With $150 Million Investment By Citic Guoan
Dick Cook Studios launched in China on Monday, announcing a $150 million investment from Citic Guoan, aimed at producing family-oriented entertainment.
"I am thrilled to formally announce the launch of Dick Cook Studios,” said Cook, a former chairman of The Walt Disney Studio. “Our mission will always be to provide the very best in family entertainment inclusive of all generations, which inspires, engages, excites and always contributes positively not only to our communities but to the world at large. We will have many more announcements in the coming weeks and months as our long standing plans come together.”
The studio will be based in Los Angeles. Dick Cook Studios, which the Disney veteran has worked toward for the past few years, will focus on the development, production, marketing and distribution of multi-generational family entertainment including live-action and animated motion pictures, television, digital, educational media, stage and other themed entertainment among other avenues.
CITIC Guoan Group Co., Ltd. is the largest industrial subsidiary subordinate to CITIC Group. The company was established in 1987. The main business involves finance, film & television culture, media, tourism, information, real estate, wine industry, resource development and etc. For many years, it has made contributions to promoting the development of Chinese culture and sports industry.