According to Variety, Platinum Studios, IDG Films and Relativity Media are financing and producing two back-to-back features based on comicbook series Witchblade.
Lensing is set to begin late next year in China. No writer or director is yet attached.
Platinum is producing through its partnership with indie comicbook publisher Top Cow Prods., which holds the rights to Witchblade.
The comic books follow the story of a female detective who comes into possession of a mystical and powerful weapon that she uses to battle crime and evil. During its brief run as a TV show, Witchblade became the most successful original series in TNT's history.
IDG Films, a division of technology media company Intl. Data Group, is putting up 50%-60% of the total production budget for the two feature pics, which is estimated at roughly $40 million.
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