files/pictures/picture-35.jpgDreamWorks Animation is working on opening a studio in Shanghai, reports Variety
. The facility will produce films for the Chinese market. RSR Partners is engaged in recruitment for top exec posts.
This move would advance the company's move into the region. The animation firm has found success there with the KUNG FU PANDA franchise. DreamWorks recently signed an agreement with Youku.com to bring the films to online streaming in China.