KUNG FU PANDA 3 Gets Co-Production Status Amid Studio Layoffs And Reduced Slate
It hasn’t been a good week at DreamWorks Animation with their stocks hitting a 52-week low on Thursday, ultimately leading to a huge number of layoffs. This also forced the company to reduce its feature film release plan to only two a year, including the long-awaited threequel to the largely China-produced Kung Fu Panda frachise. With actor Jack Black joined by an ensemble cast once more, the film is poised for a March 18, 2016 release following its pushback from December this year to avoid crossing sabers with J.J. Abrams’s Star Wars: The Force Awakens. Thankfully with the way things have been for the company, the film was finally granted co-production status which grants the filmmakers a larger share of box-office receipts as opposed to what it would have gotten as a foreign film, and will also bypass China’s quota system (that won’t be solved for another few years in […]
