First-look deal covers live-action features

Myriad Pictures has inked a first-look deal with comicbook creator Studio 407 for feature-length live-action pics.

Under the pact, Myriad also has the option to use Studio 407 to supervise the development and production of graphic novels or comicbooks based on Myriad properties.

Launched a year ago, Studio 407 is based in Bangkok and the U.S. and run by managing director Alex Leung. As part of the Myriad deal, Studio 407′s U.S. staff will work out of Myriad’s Santa Monica offices.

Studio 407 will launch a debut slate of comics in early 2008 that includes titles “Tiger and Crane,” “Night and Fog” and “Hybrid.” The company’s content is described by Leung as “East meets West,” with traditional American and Asian art and story elements.

“We are always looking for new properties and fresh ideas that will translate into marketable film properties,” Myriad prexy-CEO Kirk D’Amico said. “When I met Alex and his team, I was very impressed by the quality of the storytelling and the supporting visuals. … Studio 407′s properties are primarily genre in nature and are the kind of product that appeals to the broadest moviegoing audience: young males.”

Myriad’s credits include Dario Argento’s “The Mother of Tears”; Gillian Armstrong’s upcoming “Death Defying Acts,” starring Catherine Zeta-Jones and Guy Pearce; and the upcoming “All Hat.” All three films unspooled at this year’s Toronto Film Festival.

Studio 407 is repped by Original Artists.

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