Stan Lee has recently entered into an agreement with a Hong Kong investment company to “create superhero properties for a Chinese audience,” as reported by Mark Langshaw for digitalspy.com. The Associated Press has reported that this new firm will be called “Magic Storm Entertainment.”
Former publisher of “The Hollywood Reporter” Eric Mika will be helming the new entertainment company as CEO.
During an interview, Lee announced, “I have been eagerly awaiting this great opportunity – a chance to combine the best of American superhero epics with the best of Chinese and Asian classical filmmaking for a motion picture that would be excitedly received worldwide.”
Lee had announced that he has been working with Todd McFarlane and Japanese rock star Yoshiki on “Blood Red Dragon.”
Langshaw wrote, “The report did not indicate whether Lee himself will create new characters and properties for the venture. It was also not confirmed whether the studio will produce live-action or animated features.”