Magazine article Variety

SP Media Banks on Atlas Comic Library

Magazine article Variety

SP Media Banks on Atlas Comic Library

Article excerpt

STEVEN PAUL'S SP Media Group is acquiring a majority stake in the Atlas Comics library and has signed a first-look deal with Paramount Pictures to develop, finance, produce and distribute superhero and other films based on the comic books. SP Media has also signed up Akiva Goldsman and his Weed Road Pictures to oversee a writers' room to develop stories and characters.

The Atlas library is being acquired debt-free from current owner Nemesis Group and its principal Jason Goodman. He is the grandson of Martin Goodman, founder of Marvel Comics, which was later run by cousin Stan Lee.

Atlas' history is tied up with Timely Comics and Marvel. In the 1950s, it ceased publishing superhero stories and expanded into other genres, including horror, crime and humor. Leading characters and stories today include Wulf, Iron Jaw, Son of Dracula, Brute, Texas Kid and Dopey Duck. It later restarted with superheroes.

Financial details of the transaction were not disclosed. …

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