European manufacturing and distribution group StudioCanal has launched a brand new label, StudioCanal Tales, centered on book-to-screen diversifications. The outfit would be the first of its type in France and follows StudioCanal’s creation of a devoted literary adaptation division in 2022.

Unveiling the brand new label Monday, StudioCanal pointed to the success of ebook diversifications, citing figures from a research final 12 months by France’s Centre Nationwide du Livre (CNL) that discovered 42 % of the highest 100 most profitable movies on the U.S. field workplace have been literary diversifications. The determine for France was 44 % and, in keeping with the research, the manufacturing of literary diversifications for French movie and TV has jumped almost 30 % over the interval from 2015 to 2021.

StudioCanal is bringing two of its newest diversifications: Gilles Lellouche’s Beating Hearts, an adaptation of Neville Thompson’s 2000 novel Jackie Loves Johnser Okay?; and Michel Hazanavicius’ The Most Valuable of Cargoes to competitors on the Cannes movie pageant subsequent month.

On the TV aspect, StudioCanal has discovered success with such book-to-screen diversifications as its replace on H.G. Wells’ The Battle of the Worlds, starring Léa Drucker and Gabriel Byrne, produced for Canal+ and Fox Networks Group and aired on Epix within the U.S.; and Harlan Coben’s The Stranger, made for Netflix.

Upcoming StudioCanal literary diversifications embody a movie model of Matt Haig’s The Midnight Library and a TV collection based mostly on Dick Bruna’s Miffy preschool books.

StudioCanal says it should announce the administration board of StudioCanal Tales quickly.