News New Hollywood Company Acquiring Manga Remake Rights
posted on 2009-03-09 06:48 EDT by Mikhail Koulikov
The International Herald Tribune newspaper reports that a new Hollywood company called Cerenzie-Peters Productions is acquiring the rights to produce film adaptations of videogames and "Asian manga books." Cerenzie-Peters Productions was founded in 2007 by its namesakes, producers Michael Cerenzie (Deuces Wild, City of Ghosts, Before the Devil Knows You're Dead) and Christine Peters (The Out-of-Towners, How to Lose a Guy in 10 Days). The company has not named the specific manga titles that it is acquiring, but Cerenzie told the newspaper that his company will benefit from having already raised significant capital beforehand. According to Carenzie, this puts the company ahead of other producers, whose ability to secure funding now may be hurt by the ongoing economic recession.
So far, Cerenzie-Peters has raised over US$200 million, which has come primarily from Swiss, Japanese, and Indian investors. The company plans to invest US$20-30 million in each film. In addition to the manga-based films, the company acquired the film adaptation rights of videogames, such as Spark Unlimited's Legendary game for the Xbox 360 console and the classic arcade game Joust. The company also has an agreement with Paramount Pictures which gives Paramount the option to distribute, release, or invest in any film that CP produces before they are shopped to other studios.
Various other American film production companies have named a number of manga that they are interested in adapting into live-action films, and some of these films' rights have already been acquired. Titles that have been specifically mentioned include Akira, Death Note, Ghost in the Shell, and Lament of the Lamb.
Source: International Herald Tribune
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