STEVE INSKEEP, Host: NPR's business news starts with a Hollywood deal in China.</s>STEVE INSKEEP, Host: 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.
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.