The Sci-fi Channel site has word that Cryptic Studios' City of Heroes title has been optioned as a movie or television series. The rights were picked up by Tom DeSanto, producer for the upcoming Transformers film. The plan (such as it is) is to make a motion picture, and then transfer the series to a TV format. The original news is from the industry trade Variety, but that article doesn't appear to be available online yet.
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