The movie rights to Warren Ellis and Cully Hamner's Wildstorm comic 'Red' have been picked up by Summit Entertainment, according to the Hollywood Reporter.
The comic deals with a former black-ops CIA agent in quiet retirement...that is until a high-tech assassin shows up intent on killing him. The agent must now reassemble his team in order to save his loved ones.
Erich and Jon Hoeber, the pair responsible for getting Greg Rucka's 'Whiteout' set up as a film, are writing the screenplay. Lorenzo di Bonaventura ('G.I. Joe') and longtime Di Bonaventura Pictures exec Mark Vahradian are producing.
The Reporter points out that the deal is landmark in that it is said to be the first time a DC Comics title is being developed outside of the Time Warner machinery, a feat that took almost two years of negotiations. [Update: Warren Ellis corrects this notion, pointing out that it is a creator-owned book, and the development is more in line with projects like 'Road to Perdition']. DC is involved though and senior vp creative affairs Gregory Noveck is executive producing and overseeing the project.
Summit president of production Erik Feig and Summit senior vp production Geoff Shaevitz are overseeing the project for the studio.