Sci Fi Channel and Richard Branson's Virgin Comics have pacted on a joint venture to create comic book titles that will be turned into a wide range of multiplatform properties, from TV shows to feature films, according to Variety.

The initiative, dubbed Sci Fi/Virgin Comics, will result in at least five comic book properties. Virgin will handle publishing, while Sci Fi and parent NBC Universal will have first look at all extensions, including online, film, videogames and TV.

The fifty-fifty partnership, announced Saturday at ComicCon New York, will yield its first titles later this year.

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The first five titles will come from a mix of well-known TV and movie screenwriters as well as more up and coming talent.