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Chinese firms pounce on 'Mulan'


October 14, 2008 A $30 million live-action version of "Mulan," the legend of a heroic Chinese girl-warrior popularized by Disney's 1998 animated movie, will be among the first films made by Xinhua Media Entertainment in partnership with the state-run China Film Group. In April, China Film and XME, a subsidiary of Nasdaq-listed XFMedia, announced an alliance to co-produce movies from offices in Beijing and Los Angeles. Arclight's Easternlight label will sell distribution rights to "Mulan" at the upcoming American Film Market in Los Angeles, Arclight managing director Gary Hamilton said, adding that China, Taiwan and Hong Kong rights were presold by Lee.

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