According to Deadline Hollywood‘s UK editor, Random House Children’s Screen Entertainment will be raising a $100 million to fund new television, toys, video games, and film projects.

The group was created after Random House Children’s Books partnered with the UK production company, Komixx Entertainment. The article mentions a number of authors and illustrators who could see more properties developed, including Philip Pullman (author of “The Golden Compass”) and Terry Pratchett (author of “Discworld”).

Here’s more from the post: “UK-based Kommixx Entertainment, the film and television production company backed by Swiss venture fund EAM Private Capital, intends to go out into the market for RHCSE in March. It may yet approach an existing film and television financier such as Aramid Capital to help it raise the money. The $100M will be used to develop cartoons and live-action films and television series based on RHCB properties, as well as video games and toys.”