Convergence Entertainment (The King of Fighters) has closed feature rights deals on a pair of franchise properties — Gungrave and Lone Wolf.
Variety says the company 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. Convergence’s Tim Kwok will produce, with Yasuaki Nagoshi from Red Entertainment executive producing Gungrave, while Andrew Lam will associate produce on Lone Wolf.
Gungrave, 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.
“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 British 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.