Michi2010 Posted December 6, 2011 Posted December 6, 2011 A new Theme Park announcet on 6th of December 2011 for China The Name: Martial Arts Theme Park A Los Angeles-based entertainment group is expected to announce later on Monday plans to co-develop a $3.1 billion theme park and resort in China's Hubei Province with a local investment firm, two people familiar with the project said. Ikonic Entertainment Group will plan and design a martial-arts themed park, as well as a $50 million live show, one of the persons said. The development will take place at Wudang Mountain in Hubei Province, which is famous as a center of Chinese martial arts. Asia Today: Chinese securities regulators require firms to hire government-licensed bankers to oversee domestic IPOs and bond sales. Also, in China's Hubei region, developers want to open a martial-arts theme park. The WSJ's Alex Frangos and Alison Tudor discuss. Ikonic is a new entity co-founded by Tony Christopher, head of Landmark Entertainment Group LLC, an entertainment production company. Landmark has a history of creating amusement-park attractions, including "Terminator 2: 3D" for Universal Studios Florida and "Jurassic Park—The Ride" for Universal Studios Hollywood. The China project is being developed with Hubei Wudang Taichi Lake Investment Group Co., which invests in local cultural and urban development projects, said one of the people familiar with the project. The companies are expected to announce the project in Beijing on Tuesday, according to another person familiar with the plan. Representatives for Ikonic and Taichi Lake couldn't immediately be reached for comment. Ikonic's plans come as other media and entertainment companies battle for a stake in one of the world's fastest-growing markets. Earlier this year, Walt Disney Co. broke ground on Shanghai Disneyland, a piece of a $4.4 billion Disney resort which is planned to include hotels, restaurants, retail shops and other amenities. In addition to the Wudang Mountain project, Ikonic and Taichi Lake will develop an oceanfront amusement park in Qingzhou, Shandong Province and an Ikonic-produced videogame featuring tai chi kung fu legends. The companies will also develop a traveling martial arts show, featuring Taoist and taichi kung fu culture that is expected to tour U.S. college campuses.
RollerCoasterSmi Posted December 6, 2011 Posted December 6, 2011 Here is the source: http://online.wsj.com/article/SB10001424052970204770404577080790753010740.html
Wes Posted December 6, 2011 Posted December 6, 2011 Michi: You are simply copy and pasting news articles without even giving us a link or proper credit to the article. If you continue to do this, your account will be banned.
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