Paramount Players, a division of Paramount Pictures Corp., acquired the film rights to Jakks Pacific’s Creepy Crawlers toy brand.

Neal H. Moritz and Marc Gurvitz will produce the film, and Toby Ascher and Stephen Berman will serve as executive producers. Ali Bell and Royce Reeves-Darby will oversee the project for Paramount Players.

Production of the film is subject to the conclusion of definitive production agreements among the parties.