4:20pm PT by Graeme McMillan
Twentieth Century Fox Acquires "Significant" Stake in Indie Comic Company Boom! Studios
The ongoing partnership between Twentieth Century Fox Film and indie comic book publisher Boom! Studios got a little closer on Thursday with the announcement that the studio had acquired what is being described as "a significant minority stake" in the comic company.
"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," Fox CEO and chairman Stacey Snider said in a statement put out by Boom! "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."
Boom! CEO and founder Ross Richie said in the same statement that the studio's investment "will fuel Boom!’s generation of more original content like Lumberjanes, Mouse Guard, and Grass Kings."
The statement continued: "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. Now Boom! can greenlight more new series from comic book creators, deepen its distribution relationships and widen its marketing reach."
The Fox investment is merely the latest step of an increasingly close relationship between the companies that began in 2013 with a first-look deal; the relationship expanded a year later with Boom! moving onto the Fox lot. The companies have collaborated on a number of projects, both comic book and movie, with Lumberjanes, The Empty Man and Irredeemable in active development for movie adaptation at the moment.