DreamWorks Animation's 'Kung Fu Panda 3' to be China co-production

A new Chinese joint venture said Monday that the third installment of DreamWorks Animation's "Kung Fu Panda" will be made in China as a co-production, the first for any major Hollywood animated feature film.

"Kung Fu Panda 3," set for worldwide release in 2017, will be the debut feature-length animated film to be created by Oriental DreamWorks, a Shanghai-based entertainment company launched in February that will develop and produce Chinese animated and live-action content for distribution within China and around the globe.

The company is a joint venture between the Glendale-based DreamWorks Animation and China'slargest media companies -- China Media Capital, Shanghai Media Group and Shanghai Alliance Investment Ltd.

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-- Richard Verrier, Los Angeles Times

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