The American film industry has traditionally viewed foreign film production primarily as competition. Lately, however, there has been a change, and the past few months have seen more serious stories about possible long-term collaborations -- specifically with Bollywood and South Korea, two thriving industries -- than ever before. One of the studios putting its money where its mouth is is Universal, who last night announced that Focus Features and Korea's LJ Film will co-produce a (primarily) English-language film about the life of "Julia Mullock, an American interior designer who married the last crown prince of Korea." According to Variety, the cost for the production (estimate to be in the $20-25 million range) will be split by the two companies, and Focus will own foreign rights to the film.

Though the marriage between Mullock and Kyu Lee (AKA Gu, Prince of Korea) took place in the 1950s, after the Korean royal family had ceased to have an official role, it nevertheless seems to have been a bit of a scandal, and Lee was ultimately forced by his family to divorce Mullock in 1982 because she had been unable to give him an heir. (What do you think are the odds are that the movie will feature a scene in which she says "I'M BARREN!"? Fingers crossed, people. Fingers crossed.)

Focus and LJ hope to have the film in theaters some time next year.