Paul Mccartney Shuts Down Hollywood Boulevard For Epic ‘kimmel’ Concert

China’s $8 billion plan to rival Hollywood

nicole kidman oriental movie metropolis

LONDON (CNNMoney) Could the Chinese city of Qingdao soon rival Hollywood? China’s richest man, Wang Jianlin , has thrown his money behind an $8.2 billion development in the eastern coastal city that will boast massive film and television studios, production facilities, theme parks and hotels. Wang and his firm Dalian Wanda Group hope the “Qingdao Oriental Movie Metropolis” — covering 1.5 square miles — will become a global magnet for film stars, movie studios and tourists. The company said it had reached preliminary agreements with various media giants to shoot 30 foreign films in the studios each year, in addition to plans for 100 Chinese films and television shows. The blueprint for the ‘metropolis’ includes plans for 20 studios and the world’s only fixed underwater studio . Related: China’s richest man worth $22 billion But overtaking Hollywood isn’t enough. Wang hopes Qingdao will eventually challenge Disney ( DIS , Fortune 500 ) and the Cannes film festival. Wanda Group expects crowds will flock to the city’s theme parks , celebrity wax museums, hotels and water-front bars. And plans are in place for the new facilities to host an international film festival from 2016. Wang’s Wanda Group has made no secret about its international ambitions , recently paying over $1.6 billion to buy the British yacht maker Sunseeker , which crafts vessels for James Bond films. The firm also announced plans to develop a five-star hotel and apartment complex in a prime London location. Last year, Wanda bought cinema chain AMC Entertainment Holdings in a $2.6 billion deal. Wang said he expects China’s box office revenue will surpass North America’s by 2018.

EDT, September 23, 2013 HOLLYWOOD Homeowners won’t see an increase in their tax rate or fire fee in the coming fiscal year. Hollywood commissioners approved a $198 million budget on Monday that will keep the annual fire fee at $189 and the base tax rate at $744 per $100,000 of assessed value. The total tax rate, which includes voter-approved debt for major city improvements, is $784 per $100,000 of assessed value. Previous financial blunders led to a $38 million shortfall in Hollywood two years ago. After declaring financial urgency, the city relied on tax hikes, layoffs and pay cuts to help balance the budget. But things are starting to look up, city officials say. Hollywood will have $22.7 million in reserves $3.3 million short of its goal at the start of the fiscal year on Oct. 1, Finance Director Matt Lalla said. Two years ago, the city had only $908,000 in reserves. Hollywood will not have to use any of its emergency reserves this year thanks in part to a recent victory in a long-term disagreement with FEMA . After a seven-year battle, the federal agency recently agreed it owed the city $4.6 million in federal disaster money related to Hurricane Wilma.

Hollywood says no to tax hike in coming year

The entertainer has successfully shut down Hollywood Boulevard for an epic concert that has locals calling in sick and blowing off work. Thanks to the Jimmy Kimmel Live , Southern California fans are getting to see the star free on Monday as tickets to be part of the venue didn’t cost. Paul McCartney definitely is making a splash on his first appearance on Jimmy Kimmel Live. Large crowds are expected for Paul McCartneys performance. Held in front of the theater, the show kicks off at 4:30 local time and will continue until Paul is finished performing. Hoping to get as many fans there as possible Hollywood Boulevard has been shut down to accommodate the crowds. For those fans who cant make the trip, there will be a video stream released after the gig. US/UK/AUS/NZ Fans: Stream Paul’s Hollywood Boulevard gig after @JimmyKimmelLive tonight, tweeted Paul McCartney from his official Twitter account. The entertainer included a link for the performance so fans around the globe could watch. One of the biggest free shows in Hollywood, there is no doubt Beatles fans and music buffs will hit Hollywood to enjoy the music! — Jodi Jill reports direct from Hollywood. Check out her NEW website offering a firsthand look at celebrity news , her published books plus details of upcoming speaking engagements.