The China release of Transformers: Age Of Extinction is to go ahead this week after a dispute involving the owners of a hotel featured in the film appears to have come to a conclusion.

Pangu Investments, whose Pangu Plaza Hotel appears in the fourth entry in the sci-fi series, allegedly sought to delay the release and took to the courts because it felt unhappy over the hotel’s depiction in the film.

However this week Jiaflix, a production partner on the film with Paramount that was established by former Academy chief Sid Ganis, Marc Ganis and Kenneth Huang, issued a statement suggesting the matter was approaching full resolution.

According to Jiaflix, Paramount and Pangu held a press conference in which they said they had ended the dispute and the release was set to go ahead as originally planned.

The mainland Chinese premiere of Transformers: Age Of Extinction screened in Beijing on Monday following its recent world premiere in Hong Kong. The film was also the closing night screening at the 17th Shanghai International Film Festival.

Michael Bay directed the film starring Mark Wahlberg. Transformers: Age Of Distinction opens in North America and day-and-date in around 30 markets this week.

The Transformers films have all been massive successes in China. The third entry, Transformers: Dark Of The Moon, grossed $165m and become one of the top five highest grossing films in the country.

Under the terms of distributor Jiaflix’s deal with Paramount, the studio provides 250 films a year for Jiaflix’s streaming partnership with China Movie Channel’s