Pair make preemptive buy of script

Producers Arnold and Anne Kopelson have made a preemptive mid-six-figure buy of “The Alchemy Papers,” a spec script by Geoff Watson and Adele Griffin.

Large-scale family film would involve three kids who search for Thomas Edison’s formula that will turn metal into gold. One of the kids is Edison’s great-great-grandson.

Script was the latest in a spurt of material acquisitions that the Kopelsons have made since establishing the Equus Media Development Fund through the Houston-based company Equus Total Return. The fund allows the Kopelsons to buy material they like immediately, without having to take it to a studio first and get authorization to make a deal.

Kopelson will work with the writers on a polish before taking it out to studios and attempting to make a deal.

The writers, who are brother and sister, previously sold an untitled project to Beacon. Griffin is the author of nine young adult books. Two of them, “Where I Want to Be” and “Sons of Liberty,” were finalists for the National Book Award.

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