'Gungrave,' 'Wolf' to be produced as live-action films

Convergence Entertainment (“The King of Fighters”) has closed feature rights deals on a pair of franchise properties — “Gungrave” and “Lone Wolf.”

Convergence is aiming to produce both projects as live-action features with budgets in the $30 million-$35 million range by tapping into financing sources from its strategic partners in Asia. Tim Kwok, the banner’s topper, will produce, with Yasuaki Nagoshi from Red Entertainment exec producing “Gungrave,” while Andrew Lam will associate produce on “Lone Wolf.”

“Gungrave,” owned by Red Entertainment and created by Japanese manga author Yasuhiro Nightow, centers on a lone figure who rises in the ranks of a crime syndicate only to be murdered by his best friend and then resurrected as a harbinger of death who exacts revenge on those that wronged him. “Gungrave” was the basis of a 26-episode animated series produced by Madhouse, and two incarnations of the game were released on Sony PlayStation.

“Lone Wolf’s” based on a series of 28 game books published in the early 1980s and translated into 30 languages. The property, created by Brit author Joe Dever, is set in an alternate medieval world and centered on a young warrior who must battle creatures and armies of the undead while journeying through difficult terrain to defeat the dark lords that have destroyed the home he once knew.

Convergence is in post-production on “The King of Fighters,” starring Sean Faris and Maggie Q, and prepping “Clocktower,” with Senator Films producing and financing.

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