According to Variety, Paramount Pictures and MTV Films have signed Sean "Puffy" Combs to develop a heist action-comedy as a starring vehicle for the music mogul.

The untitled project, to be produced by MTV, Maverick Entertainment Films and Combs' Bad Boy Worldwide Entertainment Group, will be set in Combs' hometown of Miami during the Miami Grand Prix and will be focused on the fast-paced, multi-cultural side of the city.

Combs, MTV exec VP David Gale and Maverick partner Guy Oseary will produce and are seeking writers and a director.

"This will definitely take a page out of all the great heist movies and return the favor by having two token white guys," Combs told Daily Variety. "And it will be sophisticated. It won't be a hip-hop film with guys in do-rags because I'm always trying to break down people's perceptions and barriers."