Myriad, 407 on drawing board

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Producer-financier Myriad Pictures has signed a first-look deal to create live-action features based on books from new comic publisher Studio 407.

The deal also will allow Myriad to create graphic novels or comics based on the features. Bangkok-based Studio 407 will relocate its U.S. staff to Myriad's Santa Monica headquarters with guidance from Myriad CEO Kirk D'Amico.

In its first year of operations, Studio 407 has developed three projects due for release in early 2008: The "Tiger and Crane" series is a fictionalized series of World War II adventures based on the life of martial arts folk hero Wong Fei Hung; "Night and Fog" explores a military experiment on a remote island gone awry that turns the locals into monsters; and "Hybrid" follows four vacationing college students who discover an ancient fishing trawler that holds a hideous secret.

Studio 407 is run by managing director Alex Leung, who describes his animation style as a mix of American and Asian elements for an international genre audience.

Original Artists repped Studio 407 in the deal. Leung's manager is Jonathan Hung.
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