Platinum Studios, Top Cow Prods. and Arclight Films will team on a live-action feature adaptation of Witchblade, based on the Top Cow comicbook franchise. The comicbook introduced the Witchblade mythology, which centers on an ornate jewel-encrusted gauntlet that gives extraordinary powers to the wearer, a specially chosen female from each generation.

The comicbook franchise has sold more than 100 million copies worldwide since debuting in 1995 and spawned a 2000 telepic that turned into a weekly series that ran for two seasons on TNT. "Witchblade" has been published in more than 21 languages and 55 countries, with merchandise widely sold. The most recent incarnation was an anime TV show in Japan by Gonzo Digimation in 2006.

"This property is the cornerstone of our upcoming production and sales slate," said Arclight CEO Gary Hamilton. "We hope to be able to start production in September."

The companies are already eyeing a location shoot in Australia.