20th Century Fox invests big in BOOM! Studios comic publisher

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Jun 16, 2017, 6:08 PM EDT (Updated)

A few years ago, BOOM! Studios signed a first-look deal with both 20th Century Fox and Fox television, meaning the studios would get first rights to any comics they publish for adaptations. In 2014, they followed that deal with a move to the Fox studio lot, further cementing the deal. Now 20th Century Fox has invested even bigger in BOOM! Studios, with a "significant minority stake," Deadline was first to report. That means two things: Fox believes in BOOM! products, and will probably be pushing more of their properties into production sooner than later.

The investment, said to be in the low eight figures (in the tens of millions of dollars), means Fox has a seat directly at BOOM!'s table, and their working relationship is that much stronger. BOOM! will continue to publish comic books and graphic novels that include licensed properties like Power Rangers and WWE, as well as creator-owned series, across multiple imprints like the All-Ages KaBoom! and Archaia.

Currently, Fox and BOOM! already have several projects in place. The horror comic Tag, from Keith Giffen and Kody Chamberlain, has director John Leonetti attached and is being scripted by Ben Collins and Luke Piotrowski. James Wan's Malignant Man, David Peterson's Mouse Guard (with writer Gary Whitta and producer Matt Reeves), Mark Waid and Peter Krause's Irredeemable (director Adam McKay), horror The Empty Man and more are already in development for film.

"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. "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 Ross Richie assured that with this infusion of cash they'll be able to bring out more original content, calling Fox an "incredibly supportive partner." The founder of the publisher said now they "can greenlight more new series from comic book creators, deepen its distribution relationships and widen its marketing reach."

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