As the market for multiplatform youth content continues to swell, the US arm of Komixx Entertainment and management and production company The Gotham Group have formed a new L.A.-based joint-venture called KG Entertainment that will develop and co-produce transmedia content for kids and young adults.

KG Entertainment (KGE) is launching alongside its first production, a live-action adaptation of Random House Children’s sci-fi novel series Monster Republic.

KGE will acquire rights through both companies, helped significantly by Komixx Entertainment’s London-based operation, which already has a partnership with Random House Children’s Publishers in the jointly owned book-to-screen business Random House Children’s Screen Entertainment (RHCSE). The latter’s first series, Wanda and the Alien, is slated to air later this year on the UK-based Channel 5’s Milkshake block. Gotham, meanwhile, currently holds first-look deals at both Sony Pictures Animation and ABC Studios.

The new partnership is also poised to take advantage of the two-month-old UK film tax credit and the British Government’s recently announced UK creative industries tax credits for high end TV production and animation.