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Last week, Korean VFX house Dexter Studios announced that it had received a USD 10 million investment from the Dalian Wanda Group, China’s largest real estate company. The stake is worth approximately 13% of Dexter and makes Wanda the second largest investor in the company.

 

Originally set up by director Kim Yong-hwa and consultant Kim Tae-yong of Rhythm and Hues Studios (known for 2012’s Life of Pi) to provide advanced effects for his 2013 CG-heavy family film Mr. Go, which was part invested by Chinese firm Huayi Brothers, Dexter has quickly established itself as one of the top players in the Korean VFX field. To date it has lent its services to last year’s hit period swashbuckler The Pirates, while also gaining a strong foothold in the Chinese industry, with blockbuster credits such as Tsui Hark’s Detective Dee: Rise of the Sea Dragon (2013) and The Taking of Tiger Mountain, as well as the Donnie Yen vehicle The Monkey King. The company has had a Beijing since 2013.

 

A Chinese giant that is spreading out into entertainment and tourism, in addition to real estate, Wanda’s net assets are valued at USD 86 billion.