Spurlock's Poets takes Subtext stake

Filmmaker to produce at least two projects in deal

Documentary filmmaker Morgan Spurlock and his New York-based production company Warrior Poets have taken a minority stake in the Subtext Labs, a Brooklyn-based script and story incubator. Spurlock will exec produce at least two projects developed at Poets -- one of which he will also direct.

Under the deal, Poets made an investment in Subtext and also committed production resources.

"I like working with people who try to redefine the space in which they operate, and I can't think of a company that better represents this than the Subtext Labs. It's an exciting opportunity, especially as Warrior Poets expands into more scripted film and television projects," Spurlock said.

Created by writer John Philip Saladin, Subtext brings together a pool of writers who collaborate on scripts.

Since its inception, Subtext has sold the motion picture rights for its original children's fantasy story "The Orphan's Club" to Disney and the horror film "Shudder" to Bennett/Robbins Prods.

Poets, founded by Spurlock in 2004, has produced the television series "30 Days" as well as the films "Where in the World Is Osama bin Laden?" and "What Would Jesus Buy?"

Spurlock recently completed production on the screen adaptation of the nonfiction bestseller "Freakonomics."