In 2001, it was announced to be a combination of a number of studios, all of which are located in Shanghai, China.

Many of the individual entertainment production hubs were the center of art and culture for the country going as far back as the 1890s.

On January 19, 2017, Shanghai Film Group Corp. and Huahua Media said they would finance at least 25% of all Paramount Pictures movies over a three-year period.

Shanghai Film Group and Huahua Media, in the deal, would help distribute and market Paramount's features in China.

The sales of its cinema circuit are targeted to be 25% of China with a yearly revenue of 1.5 billion RMB (about US$80 million).