‘Valiant’ MTV effort

Film to be distributed by Paramount

MTV Films has acquired rights to Holly Black’s “Valiant,” a modern-day fairy tale project that’s been set up with Mosaic Media Group producers Chuck Roven and Alex Gartner.

The film will be distributed by Paramount. David Gale and Susan Lewis will oversee for MTV Films, and Matt Jackson will shepherd on behalf of the studio. Alex Ankeles will oversee for Mosaic on the project.

“Valiant,” published by Simon and Schuster on June 1, tells the story of a 17-year-old runaway who befriends a group of teens living in the New York subways and discovers that some of Gotham’s inhabitants are a magical species trying to exist in the modern world.

Deal is the second for Black with Paramount. She and writer-illustrator Tony DiTerlizzi optioned “Arthur Spiderwick’s Guide to the Fantastic World Around You” to the studio and Nickelodeon in 2002; that story centers on boy twins and their older teenaged sister who find an alternate world of fairies and goblins in their great-uncle’s rundown house.

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