Universal Raises 'Hellboy 2'

Universal Pictures will fully finance and distribute Hellboy 2, the Guillermo del Toro-directed sequel to the 2004 Dark Horse Comic-spawned film, Variety reported.

The studio is picking up a project orphaned by Revolution Studios, which made the original and distributed it through its deal at Columbia Pictures. With Revolution out of business, the sequel became available, and Universal slotted it for summer 2008.