A large film studio complex, equipped with a theme park, yacht club, and the hotel has opened in eastern China.
Chinese firm Dalian Wanda has invested $7.9 billion (£5.7 billion) in the Qingdao Movie Metropolis, in the hope of attracting foreign producers to the country.
The complex covers over 400 hectares and is said to include state-of-the-art production facilities.
Wanda CEO Wang Jianlin said he wanted to “turn Qingdao into a global centre for the film”.
“We will boost the Chinese film industry development,” said the project’s official opening Saturday.
“This is the biggest investment in the global film and television industry has ever seen.”
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The site also features a shopping center with shops, restaurants and a cinema, which is reportedly the largest in Asia.
The Qingdao Movie Metropolis opened its first studies in 2016, and has already hosted several Hollywood productions including The Great wall of starring Matt Damon.
It was the first big Hollywood movie, aimed at a global audience, filmed and produced in China.
The completion of the study marks a further step in Wanda’s efforts to conquer Hollywood directors to work in the country.
In 2016, the company said that it would foreign movie and tv companies of discounts to film the Qingdao studios.
Also bought Entertainment, the US studio behind films such as Jurassic World, the Batman Dark Knight trilogy and Godzilla.