Friday, June 16, 2017

Friday's Headlines - 20TH CENTURY FOX Buys Into BOOM! STUDIOS

20th Century Fox Film has acquired a "significant minority stake" in BOOM! Studios in a deal that co-founder Ross Ritchie says will "fuel BOOM!’s generation of more original content like Lumberjanes, Mouse Guard, and Grass Kings."

"Fox has been an incredibly supportive partner and our creative alliance has been tremendously successful - high-level directors, big screenwriters, and marquee talent have found BOOM! an attractive platform," says Richie, BOOM!'s CEO. "Now BOOM! can greenlight more new series from comic book creators, deepen its distribution relationships, and widen its marketing reach. Great news for our creators, retail partners, and fans. Fox is committed to BOOM!’s creators through this deal and it means BOOM! will have better support and resources to publish world-class content."

In 2013, BOOM! signed a 'first-look' movie deal with Fox for comic book projects it has ownership of, later announcing deals for The Empty Man, Irredeemable, Malignant Man, Imagine Agents, Mouse Guard, and Lumberjanes. In 2014, Fox and BOOM! became closer with the signing of a similiar 'first look' deal for television.

Our industry’s soul is its storytelling and artistry, and as we continue to foster an environment at Fox that serves as a home for the world’s best storytellers, this investment in BOOM! allows us to work even more closely with their incredible stable of writers and artists,” says 20th Century Fox Film CEO/Chairman Stacey Snider. “We look forward to the projects we have with them ahead, and are proud to have an opportunity to further energize their storytelling through this partnership.”

Fox had an ownership stake in another comic book publisher before - in 2006 it partnered with Harper-Collins for Fox Atomic Comics, an imprint which published adaptations and spin-off comic books based on various Fox films. That publisher closed in 2009.