DMG Entertainment Group, Walt Disney China and Marvel Studios have announced that they will jointly invest in the third installment of superhero movie "Iron Man", mtime.com reports.

According to an announcement made Monday during a press conference, DMG, one of China's largest entertainment companies, will become the strategic partner of Walt Disney and will take part in the production process of the "Iron Man 3" movie.

Dan Mintz, chief executive officer of DMG, told the media that the "Iron Man" series was very successful in China and that they hoped the latest installment could attract even more viewers.

Filming for the movie will begin in May, and there are plans to film in China during the summer.

Robert Downey Jr. will lead the film's original cast, including Gwyneth Paltrow, while a Chinese actor is set to join the production to portray Iron Man's new rival.

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