Movie business trade magazine Variety is reporting that Japanese advertising conglomerate Hakuhodo DY Holdings and video game producer Sega Corp. have launched Stories, a production company aimed at partnering with Hollywood writers, directors and producers to generate film and TV programming based on Japanese content.
The Japanese intellectual properties will include games, books, anime, manga comics, toys, films and TV. The new entity will emphasize developing English language projects targeted toward the global market. The announcement noted that the Stories production company has access to its parent companies' titles and characters that have a strong worldwide fan base.
Stories already optioned rights to a title from scifi author Yasutaka Tsutsui (Paprika, The Girl Who Leapt Through Time) along with an unidentified TV program.