[adrotate banner=”1″]Latest news out of China is Bruno Wu’s Seven Stars Entertainment is teaming up with Avi Arad (of Marvel fame) to create original superhero properties for the Chinese movie market. They already have the first film planned, Rise of the Terracotta Warriors (based on the real Terracotta Army sculptures)

This isn’t Bruno Wu’s first foray into coproductions with Western groups. Seven Stars and Wu previously teamed with financier/producer Jake Eberts to make Allied Productions East in March, another company set up to create content for Eastern markets. Allied Productions East will utilize a development fund/pipeline also created by Wu and Seven Stars called Harvest Seven Stars Media Private Equity Ltd (HSSMPEG), which has $800 million ready to invest in new properties. Seven Stars is set to become an unstoppable juggernaut, and people have been comparing Bruno Wu to Rupert Murdoch for the last decade or so.

Combine this news with the massive amount of new theaters that will be built in China for the next decade, and you can see how there will be a huge huge huge market for these films. Not only that, I support there being a lot of media companies making a lot of Chinese films, because so many Chinese films are becoming bland CGI spectacles that if you increase the number tenfold, that increases the chances of actual good movies slipping through the cracks. It’s all about numbers, people!

There is no word yet on any other potential superhero properties beyond the Rise of the Terracotta Warriors, but we’ll keep you posted when they are announced.
via THR

We have risen to find this guy’s hands! Where are his hands??