Fox Becomes A Minority Shareholder In Boom! Studios, Extending Partnership

by Staff

 

Boom! Studios has had a “first look” relationship with Twentieth Century Fox for a number of years, including Fox television, but late last week the publisher announced that Twentieth Century Fox Film (TCFF) had now entered into a “strategic investment” deal with Boom.

Now TCFF  has “a significant minority stake” in Boom! Studios, meaning Boom’s creator-owned series, particularly, are more likely to get attention from Fox Film.

TCFF CEO and Chairman Stacey Snider says:

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. 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.

Ross Richie, CEO and Founder of Boom, explains his perspective:

Fox’s investment will fuel BOOM!’s generation of more original content like Lumberjanes, 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.

Based on Richie’s statement, the investment is likely to enable Boom to expand on creator-owned titles, whether simply due to greater financial support, or perhaps due to the ability to “greenlight” comic pitches as film properties from their initial phase onward, which is the case with a number of publishers.

Boom! Studios already has properties in development with Fox, including Irredeemable, Malignant Man, Imagine Agents, Mouse Guard, and Lumberjanes, and a number of others. TCFF is currently in post-production on a feature film based on BOOM!’s The Empty Man, from the graphic novel by Cullen Bunn and Vanesa R. Del Rey.

As many comics pros and fans have said on social media in the wake of this announcement, this places Boom! Studios alongside Marvel and DC Comics, who are both closely linked to TV and Film studios, and means creator-owned comics may now be on a more specific fast track to media development.