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Twentieth Century Fox Film Announces "Strategic Investment" In boom Studios

Written by Tim Midura on Thursday, June 15 2017 and posted in News with Benefits

Twentieth Century Fox Film Announces

Those movie storyboards aren't going to make themselves, you know.

Source: Press Release

In an attempt to streamline the process of having studios buying comic properties to turn into movies, Twentieth Century Fox Film has purchased significant minority stake in boom Studios, so they can more easily choose the storyboards, I mean comic books, to turn into movies.

"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," said TCFF CEO and Chairman Stacey Snider. "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."

Differing from other major publishers in the space, boom partners with creators to share ownership of original series. This is a departure from the way other companies handle ownership. Image allows creators complete ownership of their comics and accompanying edgelord free speech rants, while Marvel has two editors hold a creator by the elbows while Tom Brevoort punches them in the gut if they bring up royalties.

"Fox's investment will fuel BOOM!'s generation of more original content likeLumberjanes, Mouse Guard, and Grass Kings. 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. Great news for our creators, retail partners, and fans. Fox is committed to BOOM!'s creators through this deal and it means BOOM! will have better support and resources to publish world-class content," says Ross Richie, CEO and Founder of BOOM! Studios.

boom entered into a first look deal with TCFF for film adaptations in 2013 and TV adaptations in 2014. Maybe this will mean boom can raise their page rates for creators, but Ross Richie's new boat ain't gonna buy itself.


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About the Author - Tim Midura

Born in the frozen tundra of Massachusetts, Tim Midura has long possessed a love for comic books and records. After stealing the beard of Zeus and inventing the pizza bagel, a much more heavily tattooed and bearded Tim Midura has finally settled in San Diego. He's the world's first comics journalist who doesn't want to become a comics writer. Find him on twitter, facebook or by email.

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