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DreamWorks Partners With Chinese Online Video Site

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DreamWorks Partners With Chinese Online Video Site

Business

DreamWorks Partners With Chinese Online Video Site

DreamWorks Partners With Chinese Online Video Site

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The film studio DreamWorks Animation has struck a deal to distribute movies on one of China's leading Internet video sites. It's called Youku and the deal involves a movie franchise that's been a hit in Chinese movie theaters: Kung Fu Panda. Now the movie will be available online in China for less than $1.

STEVE INSKEEP, host:

NPR's business news starts with a Hollywood deal in China.

(Soundbite of music)

INSKEEP: DreamWorks Animation, the film studio, has struck a deal to distribute movies on one of China's leading Internet video sites. It's called Youku and the deal involves a movie franchise that's been a hit in Chinese theaters: "Kung Fu Panda." Now the movie will be available online in China for less than a dollar.

The LA Times reports that's a price that can compete with pirated movies which are rampant in China. The deal comes soon after Warner Brothers agreed to stream hundreds of its movies on the same Chinese website also for less than a dollar.

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