Tim Kwok’s Beverly Hills and Asia-based Convergence Entertainment has secured feature rights to the pop culture properties Gungrave and Lone Wolf.

Kwok plans to produce both as live-action features in the $30-35m range, with Gungrave set to go into production next year followed by Lone Wolf. Convergence will tap into financing sources through its strategic partners in Asia.

Gungrave is based on manga author Yasuhiro Nightow’s story of a murdered crime syndicate member who returns from beyond the grave to avenge his death.

The property spawned two video games, a Dark Horse comic and an animated TV series that aired on the G4 channel. Gungrave is set to begin shooting next year with Yasuaki Nagoshi of property rights holder Red Entertainment serving as executive producer.

Lone Wolf is based on a series of 28 game books by British author Joe Dever that was published in the early 1980s and is said to be in the vein of Dungeons & Dragons.

The role-playing franchise takes place in an alternate medieval world similar to Tolkien’s Middle Earth, where a young warrior battles armies of undead in his quest to defeat the evil forces that destroyed his home. 

Established in 2007, Convergence’s focus is predominantly adapting international intellectual properties such as video games, comic books, toys or animated programmes into live action features.

Convergence is currently in post-production on the Sean Faris and Maggie Q action film The King Of Fighters and is preparing the supernatural feature Clocktower, which Martin Weisz will direct for Marco Weber’s Senator Films.