The Walt Disney Company China, Marvel Studios and DMG Entertainment today announced the intention to co-produce IRON MAN 3 in China. Under the arrangement, DMG Entertainment will make an investment in the production of IRON MAN 3, manage the Chinese co-production process, and jointly produce the film in China. The Chinese portion of IRON MAN 3’s production will run through DMG Entertainment in coordination with Marvel Studios’ production and creative teams. DMG will also distribute IRON MAN 3 in China in collaboration with The Walt Disney Company China. IRON MAN 3 will be the third movie in the billion-dollar plus franchise from Marvel and stars a returning cast including Robert Downey Jr. (as billionaire inventor Tony Stark) Gwyneth Paltrow (as Pepper Potts) and Don Cheadle (as James “Rhodey” Rhodes). IRON MAN 3 is produced by Kevin Feige and executive produced by Alan Fine, Stan Lee, Louis D'Esposito, Charles Newirth, Victoria Alonso, Stephen Broussard and Dan Mintz. The film is being directed by Shane Black who is working on the script with Drew Pearce. The film releases in the United States on May 3, 2013, and is being distributed by Walt Disney Studios Motion Pictures in all territories worldwide other than in China (which is being distributed by DMG Entertainment) and Germany/Austria (which is being distributed by the Tele München Group). “The popularity of the Marvel franchise globally creates a huge opportunity to deliver fans yet another action packed film,” said Stanley Cheung, Managing Director, The Walt Disney Company, Greater China. “The co-production of IRON MAN 3 in China is testimony to the importance of this audience to Disney and the local industry capability to deliver a blockbuster title,” he added. “We look forward to working alongside DMG to bring IRON MAN to the Chinese marketplace in a significant way. We are confident that Marvel’s stories will continue to be enjoyed by Chinese audiences, and adding a local flavor, and working with our new local partner, will enhance the appeal and relevance of our characters in China’s fast-growing film marketplace,” said Rob Steffens, General Manager of Operations and Finance for Marvel Studios.