Core Insights - Hengdian World Studios is hosting an industry soirée during the Toronto International Film Festival (TIFF) to showcase its filmmaking ecosystem and celebrate its parent company's 50th anniversary [1][4] Company Overview - Hengdian World Studios is the world's largest live-action movie base, providing a comprehensive end-to-end filmmaking ecosystem that spans over 33 million square meters [5] - The studio features one of the largest single studios globally, measuring 12,000 square meters, along with underwater facilities and backlot streetscapes [5] Production Capabilities - Hengdian's virtual production capabilities include real-time camera tracking LED screens and motion capture, which can reduce production time by 40% and costs by up to 50% on certain projects [5] - The studio hosts China's largest community of background actors, with 140,000 registered actors, including over 10,000 local actors to support high-volume shoots [5] Growth in Short Dramas - Hengdian has become a hub for short-form vertical videos, with over 60 short-drama crews shooting daily and production numbers expected to exceed 3,000 this year [6][7] - The global short drama platform market is projected to grow from USD 6.5 billion to USD 7.2 billion in 2025, with a CAGR of 10.5% expected to reach USD 11.9 billion by 2030 [7] Sustainability Initiatives - Hengdian has installed 27 rooftop photovoltaic power stations, generating approximately 5.5 million kWh of clean electricity annually since 2022, reducing CO2 emissions by over 4,300 tons each year [8] - The "Zero-Waste Base" initiative aims to cut, repurpose, and safely dispose of on-set solid waste, recycling hundreds of thousands of props annually [8]

Core Viewpoint - Hengdian Group's subsidiary, Hengdian World Studios, is positioning itself as a global hub for short drama production, collaborating with international partners to enhance its reach and influence in the film industry [3][4][6]. Group 1: Event Overview - The International Short Drama & Cross-Cultural Film Cooperation Exchange was co-hosted by Hengdian World Studios and Dalynn Studio, attracting filmmakers and industry professionals from various countries to explore China's film scene [1][2]. - The event highlighted the growing production of short dramas at Hengdian World Studios, which expects to produce over 3000 short dramas in the current year [3]. Group 2: Strategic Partnerships - An agreement was signed between Hengdian World Studios and Dalynn Studio, allowing Dalynn to utilize Hengdian's film sets and resources for distributing content to Spanish-speaking audiences [4]. - The collaboration aims to adapt Chinese short dramas for the Latin American market, indicating a strategic move to tap into new demographics [4]. Group 3: Global Outreach and Collaboration - The event served to introduce Hengdian to global industry professionals, fostering opportunities for collaboration and promoting high-quality Chinese film and television works [6]. - Participants from various countries expressed interest in learning about China's film industry, emphasizing the potential for cross-cultural storytelling [6][9]. Group 4: Future Developments - Hengdian World Studios is focused on strengthening its filmmaking industrial chain, enhancing expertise from talent recruitment to content distribution, and aims to globalize its short drama industry [7]. - The establishment of the Hengdian International Short Drama Alliance (HISDA) last November is part of the strategy to scale up production for international viewers [7]. Group 5: Infrastructure and Resources - Hengdian World Studios is increasing the construction of authentic international film sets and plans to involve more foreign actors to attract high-quality content production [8]. - The studio's mature ecosystem and favorable costs make it an ideal location for large-scale international productions, as noted by industry professionals [7].

Under the non-binding, non-exclusive MOU, through Yuder and Interactive Film, MPU and Snail Games will explore collaboration on the creative direction and script development of short dramas, production and global distribution of short-form dramas. Leveraging its experienced in-house team and extensive expertise in short- drama production, MPU will oversee outsourced production and post-production to ensure high-quality content. Additionally, Snail Games' expertise in AI and interactive technologies, honed t ...