London: Hollywood film studio 20th Century Fox has joined hands with a top Broadway producer to turn its nine to 12 films into stage musicals.
Fox chairman Jim Gianopulos said in a statement that for years they have been eager to expand their entertainment expertise to the world of live stage, the BBC reported.
The producer behind Broadway hits Rent and Avenue Q, Kevin McCollum, is among those co-financing the operation.
He has teamed up with film producer John Davis and entertainment mogul Tom McGrath to match Fox`s 50 percent investment in the venture.
The studio`s only prior experience of stage musicals has been as a licensee for productions such as 9 to 5 and Big.