Paramount Pictures has signed a deal with Archie Comics Entertainment for the rights to co-produce a live-action film based on the hit comic book character, Sabrina, the Teenage Witch, on which the Melissa Joan Hart TV series was also based.
The Hollywood Reporter says Paramount will distribute the film, to be produced by Archie Comics Entertainment president Allan Grafman and CEO Chuck Grimes. Archie Comics Publications Inc. chairman Michael Silberkleit and president Richard Goldwater will serve as executive producers.
Paramount and Archie Comics will split the proceeds of a licensing and merchandising program surrounding the film. “While the movie will be empowering for girls, it is going to have the action and science-fiction fantasy that appeals to boys,” Grafman said.
Archie Comics also previously partnered with Miramax Films to develop Betty & Veronica.
Source: The Hollywood Reporter