Match made in Hollywood: Lionsgate finds China partner

Match made in Hollywood: Lionsgate finds China partner

US movie studio Lionsgate has agreed to a Chinese company co-financing its films, it said, in a deal the "Hunger Games" franchise maker hopes will give it greater access to the key Asian market. A subsidiary of Hunan TV and Broadcast Intermediary Co., TIK Films, will help fund "qualifying" films for the next three years, Lionsgate said in a statement. It reported late Wednesday that the deal covers "at least 50 Lionsgate films", with the Chinese firm paying 25 percent of production costs and receiving 25 percent "of all returns".