Producer-financier Myriad Pictures (Mother of Tears) has signed a first-look deal to create live-action features based on books from new comic publisher Studio 407, according to the Hollywood Reporter. The deal also will allow Myriad to create graphic novels or comics based on the features. In its first year of operations, Studio 407 has developed three projects due for release in early 2008: The Tiger and Crane series is a fictionalized series of World War II adventures based on the life of martial arts folk hero Wong Fei Hung; Night and Fog explores a military experiment on a remote island gone awry that turns the locals into monsters; and Hybrid follows four vacationing college students who discover an ancient fishing trawler that holds a hideous secret.
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