Published on : Sunday, May 17, 2015
This month Russian officials approved plans for a DreamWorks theme park in the Russian capital, featuring attractions based on the Hollywood studio’s films. The “Disneyland-style” park will be Europe’s largest indoor theme park.
In 2013, DreamWorks Animation (DWA) signed a licensing agreement with a local developer, aiming to build three parks across Russia. Then, the animation company called Russia “one of the most important markets in the world.” But the project has become a lot more risky following Russia’s annexation of Crimea in early 2014, and the ensuing chill in relations with the West.
Last year’s plunges in oil prices have hit Russia’s economy. Many western companies have been hit by the fallout, and have scaled back their operations in Russia.
But DreamWorks is not looking to back out. The animation company confirmed the agreement stands, but refused to comment further. Kung Fu Panda, Donkey and other DreamWorks characters will be joined in the park in southern Moscow by Volk, Zayats, and other classic creations of Russian animator Soyuzmultfilm.
The complex will be constructed on 93 hectares of land in a neglected floodplain. It will include a riverside promenade, multiplex cinema, shops, cafes and restaurants. Moscow is also planning to open a new metro station and a hotel nearby. The park is likely to attract four million people a year after it opens in 2018.