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Summit Entertainment is entering the comic book adaptation business, picking up the movie rights to WildStorm/DC Comics' "Red."

Brothers Erich Hoeber and Jon Hoeber are writing the actioner, which will be produced by Lorenzo di Bonaventura and longtime Di Bonaventura Pictures exec Mark Vahradian.

The project marks the first time that a DC Comics title is leaving parent company Time Warner's fold. Still, DC will remain an active participant in its adaptation. DC senior vp creative affairs Gregory Noveck is serving as exec producer and will oversee "Red."

The three-issue comic series, published in 2003, told the story of a former black-ops CIA agent now living a quiet life in retirement until the day a high-tech assassin shows up intent on killing him. With his secret identity compromised and his love interest in danger, the man must reassemble his old team to figure out who is out to get them. The book was written by Warren Ellis, whose comic "Ocean" is set up at Warner Bros., and illustrated by Cully Hamner.

The Hoebers' take involves the idea of an older operative set in his ways having to contend with younger and more fit agents as well as modern techniques and technology.

It took almost two years of wrangling to extricate the book out of the Warners fold.

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