Mayor Villaraigosa Announces Collaborative Partnership Between LA-Based Entertainment Group And Leading Chinese Investment Group
Official Press Release, The Office of Los Angeles Mayor Antonio R. Villaraigosa
December 6, 2011
(Original version available online here)
BEIJING, CHINA – On the second day of his trade mission to Asia, Mayor Antonio Villaraigosa announced a new collaborative partnership between the LA-based Ikonic Entertainment Group and the Shiyan-based Taichi Lake Group.
“We are in Asia to increase tourism and investment in Los Angeles to expand the growth of LA companies,” Mayor Villaraigosa said. "This new agreement will help create jobs and industry in our City by strengthening relationships with our partners in China."
Ikonic estimates that the agreement reached between Ikonic and Taichi Lake Group will create several hundred LA-based jobs over the next three years. They expect the agreement to generate tens of millions of dollars in revenues to Ikonic, and boost business for numerous LA-based subcontractors and service providers.
“This project is an example of the very best of LA’s creative industry capabilities being exported overseas on a large scale,” said Tony Christopher, Ikonic Co-Founder and CEO. “Our goal is to demonstrate Los Angeles’s truly unique ability to deliver world-class entertainment to the world.”
Ikonic will be the master designer and project manager for six projects commissioned by Taichi Lake Group for the largest theme park and resort in China. Ikonic will provide planning, concept creation, schematic design, design development, and construction oversight services in support of the project’s entertainment items, which include a Taichi Kung Fu-themed park, a $50 million live show, and related media production and publishing, totaling over $300 million.
During the trade mission, the Mayor will promote the benefits of LA's creative services and goods for Asian investors and consumers. Home to the world’s leading movie studios, television networks, video game developers, and as well as music industry’s artists, producers and distributors, Los Angeles has the largest creative economy in the U.S. According to the 2009 Otis Report on the Creative Economy, one in every six people in the region is employed in a creative field.
“As the creative capital of the United States and the world, we are uniquely positioned to export our innovative goods on a global scale," Mayor Villaraigosa added. "The two partnerships formed today will bring out the best of both cultures while generating economic prosperity for Los Angeles and China."
About Shiyan City
Shiyan City is a city of 3.5 million located in northwest Hubei province, directly northeast of Wudang Mountain and the Taichi Lake tourism district. It is approximately 630 miles directly east from Shanghai. The city is China’s largest and the world’s third-largest Heavy Truck production center, and a major tourism destination in China. It is the largest major city in proximity to Wudang Mountain and is therefore an important stop for tourists bound to the mountain.
About Ikonic Entertainment Group
Ikonic is a new company formed in Los Angeles to provide the very best total project turnkey services to the entertainment real estate business in China. The company is the brainchild of Tony Christopher, the Founder & CEO of the Landmark Entertainment Group and Jack Chen, a Chinese American businessman and Founder & CEO of Transworld Capital Group (TCG) a financial advisory and investment firm specializing in cross-border business development and transaction management in China. Together the new company has the ability to design, build, finance, manage and turn over development of entertainment real-estate projects targeting China, the number one country in the world today in new land development.
Through its association with Landmark, Ikonic utilizes the very top talent in the world today. Considered the third best theme park design company after Disney and Universal, Landmark has a proven track record of award winning projects with Universal as its main client and projects such as the Spiderman Dark Ride, T2/3D, a live action 4D theater, Star Trek, an amazing simulator attraction, and Jurassic park to name a few of its best completed projects. Additionally, Ikonic has worked with and can bring in organizations such as Six Flags, Busch Gardens and Management Resources, each of which can provide high level operation services.
About Taichi Lake Group
Hubei Wudang Taichi Lake Investment Group Co., Ltd. specializes in investing in such areas as culture, tourism, and urban development. Aiming at building up regional comprehensive value, TLG was co-founded by a group of shareholders, including Beijing Xing Tong Investment Co., Ltd. , Zhejiang Xiang Yuan Investment Group Co., Ltd, RenHe Oriental Investment (Beijing) Co., Ltd., and Shanghai Zhong Jiuinvestment Group, etc.
About Taichi Lake Ecological Tourism Area
Taichi Lake Ecological Tourism Area is composed of two major parts, namely Taichi Lake New Area Projects and Taichi Lake Tourism Area, with eight groups and 39 projects. It covers a total area of 400,000 square kilometers for development and construction and a total building area of about 3 million square meters, with a total investment of 10 billion yuan. The area is planned to, via construction in three to five years, become a well-known and world-class tourist resort and form a Greater Wudang industrial pattern integrating sightseeing, recreation and health preservation surrounded by mountains and waters.