Dreamworks Animation and its Chinese partners, unveiled plans in Shanghai today to produce the next Kung Fu Panda movie in China and to open an "entertainment destination" and production company to be called Oriental DreamWorks. Shanghai Daily reported that DreamWorks Animation and its Chinese partners, China Media Capital (CMC), the Shanghai Media Group and Shanghai Alliance Investment Limited. plan to invest more than $3.1 billion in the Shanghai center. Besides Kung Fu Panda 3 , which the joint venture plans to release in 2016, Oriental DreamWorks plans to create an original animated film that will be released the following year. "We'd like to promote Chinese-made animated films and show Chinese culture to the world through our films," Oriental DreamWorks CEO Li Ruigang told Shanghai Daily .