Lionsgate Will Distribute Jackie Chan/Jet Li Pic, "The Forbidden Kingdom"

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Lionsgate has signed on to distribute the newly-titled "The Forbidden Kingdom," which will feature the much-anticipated onscreen pairing of Jackie Chan and Jet Li.

The film, which Chinese newspapers had been referring to as "Kings of Kung Fu," will begin shooting on May 2 with Rob Minkoff ("The Lion King," "Stuart Little") behind the camera. Michael Angarano is also on board, and Zhang Ziyi is rumored to be in talks for a part in the movie as well. Lionsgate will co-distribute the film with the Weinstein Company.

Chris Tucker and Jackie Chan in the forthcoming "Rush Hour 3"

"The Forbidden Kingdom" is based upon the Chinese legend of the Monkey King. The film will tell the story of an American teenager (Angarano) who finds himself whisked back in time to assist a group of warriors in liberating an imprisoned monarch.

Jet Li in "Fearless"

Curiously, Variety and the Hollywood Reporter give different release dates for the film. Hollywood Reporter says "The Forbidden Kingdom" will be released in the summer of 2008, while Variety reports it will be out in September of that year.

Sources: Variety, Hollywood Reporter