While the Chinese government appears to be rolling out a plan to dominate more Hollywood studios, Paramount Pictures, China Movie Channel and Jiaflix Enterprises now report they have entered into a 'Cooperation Agreement' regarding the production of "Transformers 4" in China, signed April 1, 2013 in Beijing and Los Angeles.
Pursuant to the agreement, China Movie Channel, under the State Administration of Radio Film and Television (SARFT), will cooperate with Paramount in broad-based support of the production of the film in China. "Transformers 4" is expected to be released in China on or about June 27, 2014.
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The parties also intend to cooperate in a number of other areas related to "Transformers 4", including the selection of filming sites within China, theatrical promotion, possible post-production activities in China as well as the casting of Chinese actors and actresses in the film.
This agreement represents the first time that China Movie Channel will work with a western studio in the production of a major motion picture.
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The "Transformers" movies are among the most popular films ever released in China, with "Transformers 3 Dark of the Moon" (2011), co-starring super-model Rosie Huntington-Whitely, grossing $165 million in that country and over $1.1 billion worldwide.
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