Warner, CMC announce 12-movie package that includes MEG

Jon Turteltaub in talks to direct. 

After forming joint venture Flagship Entertainment in Hong Kong in September last year, Warner Bros. and China Media Capital (CMC) have announced plans for the production and global release of a dozen movies under the Flagship Entertainment banner over the coming two years. Chinese news website china.org.cn reported Warner Bros. chairman Kevin Tsujihara as saying the high-quality co-productions would appeal to a wide demographic of audiences both in China and around the world.

According to CMC chairman Li Ruigang, the film package would include an adaptation of best-selling science-fiction novel MEG: A Novel of Deep Terror by Steve Alten and cost over $100 million to produce. MEG tells the story of a deep-sea diver who while diving in the Mariana Trench is attacked by what he believes to be a megalodon, a gigantic predecessor of modern sharks thought to have been extinct since the Pleistocene era. Nobody believes him, but as the events unfold he encounters more of the creatures, some of which manage to make their way to the surface and wreak havoc.

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