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Oliver Gettell
May 05, 2016 AT 08:34 PM EDT

What happens when good superheroes go bad? Adam McKay and Fox are eager to find out.

EW can confirm that the studio behind the X-Men and Deadpool movies has acquired film rights to Irredeemable, the Boom! Studios comic about a Superman-like do-gooder who turns villainous, and McKay is on board to direct.

The filmmaker is no stranger to comic book movies, having worked on the script for Marvel’s Ant-Man. His most recent film as a director was the financial thriller The Big Short (which he also co-wrote, winning an Oscar in the process). He’ll direct Irredeemable from a screenplay by Tommy Wirkola (Hansel and Gretel: Witch Hunters).

Created by Mark Waid (Kingdom Come, Empire) and running from 2009-2012, Irredeemable centers on the Plutonian, an all-powerful superhero who snaps and goes on a murderous rampage. His former colleagues, a group known as the Paradigm, try to stop him but must turn to a former nemesis for aid.

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Fox recently found success at the box office with Deadpool, a movie that gleefully deconstructs superhero tropes, and Irredeemable could have similarly subversive potential. The acquisition comes amid a sort of comic book arms race in Hollywood, with rival studios Disney and Warner Bros. betting big on their respective Marvel and DC franchises.

Deadline first reported the news about Irredeemable.

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