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In this Saturday, Aug. 2, 2008 file photo, an aerial photo reviewed by the Chinese military, the dragon-shaped Pangu Plaza, foreground builds in front of the National Aquatics Center, known as the Water Cube, center, and the National Stadium, known as the Bird's Nest, at rear, in Beijing, China. A Beijing property developer said Saturday it has terminated cooperation with the new “Transformers” movie, wants Paramount Pictures to make edits to it and is asking China to suspend screenings of the blockbuster film. The company owns the Pangu Plaza, a dragon-shaped hotel, office and mall complex that stretches the length of half a dozen football fields and is featured in “Transformers: Age of Extinction,” the latest installment of the hit franchise. (AP Photo/Greg Baker, File)
Chinese company sets aside ‘Transformer’ dispute
Negotiations » Film will open Friday in China after Paramount, Beijing developer reach deal.
First Published Jun 23 2014 09:47 am • Last Updated Jun 23 2014 09:47 am

Beijing • Paramount Pictures and a Beijing property developer said Monday they had smoothed out a dispute over the new "Transformer" movie, which will be released in China as scheduled.

The Beijing Pangu Investment Co. Ltd. said the two sides "have gained mutual trust and reached understanding" after friendly negotiations, days after it demanded edits to remove any reference to its property over an alleged contractual default.

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"Because a third party created some misunderstanding, we were having some disagreement with Paramount," said Norman Song, general manager of the Pangu 7 Star Hotel. "After several days of intense discussion, we came to an agreement."

Rob Moore, vice president of Paramount, told a news conference the film would be released Friday in mainland China, as scheduled, the official Xinhua News Agency said.

He said a team has been set up to negotiate with Pangu and that the depiction of Pangu in the film is "perfect," according to Xinhua.

Director Michael Bay said he wanted to "put all this misunderstanding aside." Neither side provided details.

The Beijing company, which owns the commercial complex Pangu Plaza, announced last week it had filed a lawsuit with allegations Paramount and two of its Chinese associates failed to fulfill their obligations in a sponsorship deal.

On Saturday, Pangu said an English-version contract as provided by Paramount was remarkably different from a Chinese-version contract Pangu signed with the two associates in terms of costs and the length of time Pangu is seen in the film.

"Transformers: Age of Extinction," the fourth film in the blockbuster franchise, opened last week in Hong Kong and premieres in North America on Friday.




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