Newly formed Red Eagle Entertainment is planning to create films, television shows, and video games based on Robert Jordan's Wheel of Time series. Sweet.

Former IBM executives Rick Selvage and Larry Mondragon are producers at Red Eagle Entertainment, a film company they started in 2003 after obtaining the series rights. News recently leaked that Universal will make the movie based on Red Eagle Entertainment’s rights on a $150 million budget, though no formal announcement has been made.

Selvage said in an interview that the game company will make a series of games that will be co-launched with the movies. In addition, Red Eagle Games will make a massively multiplayer online game based on the Wheel of Time universe.

“We’ve got a huge running start with this property,” Selvage said. “We expect to have a game based on every movie, and we expect no less than three movies, though that depends on how well each does.”

They'll do well, if they don't suck. The WoT storyline is very compelling fantasy, and the presence of very strong female characters will bring a lot to a movie franchise.

(HT: NW.)

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