Selena Gomez has formed July Moon Productions and has partnered with XYZ Films to finance the development of two films for Sel to produce, reports Variety.
The 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.
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.
Thx Julie! Photo Credit: Fame Pictures.