According to The Hollywood Reporter, Paramount Pictures has made a pre-emptive purchase on the comedy pitch Neighborhood Watch from writers David Guion and Michael Handelman for Scott Rudin Prods.

The studio paid about $750,000 for the pitch, which revolves around three men who form a neighborhood watch. The property is the latest in a number of recent acquisitions for Rudin, who has been on a spending spree lately. Last month, Rudin acquired Philip Eisner's family melodrama/supernatural thriller, Furious Angels, as well as Michael Cunningham's Specimen Days.

With several projects on the fast track, Rudin recently set Matthew McConaughey and Sarah Jessica Parker to star in the comedy Failure to Launch.