'Savvy' suitors: Penguin, Walden

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NEW YORK -- Penguin Young Readers Group and Walden Media jointly acquired North American rights to Ingrid Law's debut novel, "Savvy," with Walden Media set to adapt the book into a feature film.

"Savvy," set for publication in May by Dial Books for Young Readers/Walden Media, follows family members who gain different magical powers (such as making the world windy or rainy) on their 13th birthdays. But before a young daughter learns what her power will be, tragedy strikes the family, leading the children to race against time to avoid a perilous situation.

The acquisition is part of a pre-emptive multibook deal with book agency Writers House. Walden Media head of production Alex Schwartz will oversee development of the film adaptation for his company.

Law wrote and illustrated two e-books for children, "The Faerie Wedding Tale" and "A Quilt for Uncle Paul."

Executive vp business and legal affairs Jim Meenaghan negotiated the film rights on behalf of Walden Media.