EXCLUSIVE: Paramount has made a preemptive purchase of The Diviners, a young-adult novel by Libba Bray. Fake Empire’s Josh Schwartz and Stephanie Savage will be the producers. The book will be published in September by Little Brown, the first of a four-part series. It was a sizable purchase for the studio. Book is set in the 1920s and follows a group of young New Yorkers with mysterious powers who play a dramatic role in a battle of good vs. evil when a series of occult-based murders begin to terrify the city. The author will adapt the script and be exec producer. The hope is to launch a franchise.

Fake Empire’s first feature, Fun Size, hits theaters this October. Schwartz directed the film, based on a script by Max Werner, and produced with Savage. The shingle has several other feature films in the works including Au Revoir, Crazy European Chick, Let It Snow, The Luxe and The Likeness, the latter of which Savage will write. On the television side, the company will have four series on the air in the upcoming season including new series The Carrie Diaries and Cult, as well as sophomore hit Hart of Dixie and Gossip Girl, wrapping its run after six successful seasons. Schwartz, Savage and Fake Empire are repped by WME. The Gotham Group repped the author with Barry Goldblatt Literary. Fake Empire’s Lis Rowinski and Jay Marcus brought the project in.