Shanghai Film Group
Shanghai Film Group Corporation () is a film, animation and documentary production company under the Shanghai Media & Entertainment Group conglomerate. In 2001, it was announced to be a combination of a number of studios, all of which are located in Shanghai, China. History. Many of the individual entertainment production hubs were the center of art and culture for the country going as far back as the 1890s. After the establishment of the People's Republic of China in 1950, numerous studios were established in session all around Shanghai. Many would merge with smaller companies that offer similar functions . By January 2017, Shanghai Film Group was the second largest film exhibitor in China behind Dalian Wanda Group. On January 19, 2017, Shanghai Film Group Corp. and Huahua Media said they would finance at least 25% of all Paramount Pictures movies over a three-year period. Shanghai Film Group and Huahua Media, in the deal, would help distribute and market Paramount's features in China. Studios today. While all the studios are located in Shanghai, they do not all function within the same facility. A number of studios have gone through different name changes throughout the years. Shanghai Film Studio  has been the main component for the company. Corporate goals. In three year's time, it plans to produce 20 feature films, 50 TV films and 800 episodes of TV series per year. The sales of its cinema circuit are targeted to be 25% of the China with a yearly revenue of 1.5 billion RMB (about US$80 million).