According to Variety, Twentieth Century Fox has preemptively bought the spec script New Years Steve by tyros Josh Herman and Adam Schwartz for Fox-based Hyde Park Entertainment.

The project marks the second pic put in development under Hyde Park's new five-year co-financing production deal with Fox.

High-concept family comedy involves outrageous life-changing resolutions that reverberate over an endless New Year's Eve.

Hyde Park chairman Ashok Amritraj and newly named senior VP of production Patrick Aiello will produce.