Shanghai-based media city expects to be able to launch specific projects and co-productions at Cannes 2015.

D’Hive, the new Shanghai-based media city, is at AFM talking to companies to work with on co-productions and investments.

“We are talking to companies who are looking for investment. We’re interested in co-producing and can invest up to 50% [of a film’s budget],” CEO Benjamin Toh said.

The 390,000 square-meter complex is set to open in the next 18 months, and partner tenants including The Shooting Gallery and Yellow Box sound studios are already set up in temporary locations near the permanent site.

At Cannes 2015, D’Hive will be ready to launch specific projects and co-productions, with at least one feature film expected to be completed by Cannes.

The roject, located 30 minutes from Shanghai’s city centre, will encorporate at least 1000 companies working across the media city hub and tech area. The ‘town centre’ area will also include an IMAX cinema and other entertainment offerings.