EXCLUSIVE: Adaptive Studios announced today that they have purchased Zane Grey’s complete literary estate, which includes a massive catalog of intellectual property from one of the most iconic storytellers of the American West.
Founded by Perrin Chiles, TJ Barrack, and Marc Joubert, Adaptative Studios now has over 133 titles from Zane Grey under its belt. Grey is a pioneer of modern-day western storytelling, becoming one of the first millionaire authors in literary history. His foray into Hollywood began in 1916 when the rights to his best-selling novel Riders of the Purple Sage, purchased by William Fox. Adaptive Studios hopes to breathe new life into Grey’s classic western stories for modern audiences to be distributed across digital, TV, film and publishing.
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Grey’s works have been adapted into over 112 feature films, primarily in the first half of the 20th century. The 1950s TV series Dick Powell’s Zane Grey Theater was based on his novels and ran for 5 seasons over 145 episodes. In addition, his novel, The Lone Star Ranger, was adapted into four movies and later a comic book. In addition to Grey’s literary works, Adaptive Studios will retain and manage all rights related to Zane Grey’s name and likeness.
Adaptive Studios’ purchase of Zane Grey follows the increase in large media companies acquiring intellectual property. Acorn Media, currently being acquired by AMC Networks, is the majority shareholder in the Agatha Christie literary estate, which has been active with international productions like Murder on the Orient Express, recently grossing $350 million worldwide. In addition, The Ink Factory’s reimagining of the John Le Carre estate has resulted in a $180 million funding deal following the success of AMC’s The Night Manager.
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