U.S. entertainment giant Comcast is holding firm in a largely backseat role at the
Dream Center, a massive location-based entertainment venture being built in
Shanghai.
The entertainment, dining and shopping complex has a construction cost of $2.4 billion. It is expected to be completed in 2018 under the control of its existing shareholders who also include
China Media Capital, CDB, and Hong Kong’s Lan Kwai Fong group.
An earlier version of this story cited the head of Lan Kwai Fong, Dr
Allan Zeman who was interviewed by Hong Kong’s
South China Morning Post, and appeared to say that Comcast-owned DreamWorks was pulling out.
“The Dream in Dream Center doesn’t necessarily have to be with DreamWorks. You have the China Dream too. It just so happens that DreamWorks was there when we named it. It’s a good name, so we will keep it,” Zeman told the SCMP.
However, in emails and phone conversations with
Variety, Zeman said that
DreamWorks Animation had only ever taken a passive, financial role in the Dream Center. Under Comcast ownership, DreamWorks Animation has not changed that role.