Hollywood studio plans film production deal with Hunan TV

Lions Gate Entertainment, a Hollywood studio, is planning a 1.5 billion US dollar film project with Hunan TV, China's second largest broadcaster, as part of an effort to tap that fast-growing motion picture market.

Lions Gate will distribute Chinese films produced by Hunan TV in overseas markets.

Meantime, Hunan TV will enjoy exclusive rights to four Lions Gate movies in China per year.

Joining me on the line now is Doug Young, associate professor at Fudan University and former China company news chief at Reuters.