Selena Gomez forms production co.
Disney star to partner with XYZ on films
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Deal is comparable to a first-look studio deal that allows Gomez to option articles, hire screenwriters and tie additional talent to packages that can then be shopped to studios.
In August, XYZ inked a similar deal with Time Inc. and management-production company the Collective to finance the development of the print media giant's content for the bigscreen. As part of the July Moon-XYZ deal, Gomez will have the ability to cherry-pick projects from the vast Time Inc. library, which includes Time, Sports Illustrated, Fortune and Life.
Gomez, who recently turned 16, boasts a massive teen girl fanbase as the star of Disney's "Wizards of Waverly Place."
