20th Century Fox has acquired the rights to the Seth Grahame-Smith graphic novel Abraham Lincoln: Vampire Hunter, according to Variety.

Timur Bekmambetov will direct the movie from an adapted script by Seth Grahame-Smith, with Tim Burton producing. It was also said that the movie will be shot in 3D with a $69 million budget.

Pre-production has already started on the movie, with the studio aiming for a 2012 theatrical release. Here's a description of the graphic novel:

"Indiana, 1818. Moonlight falls through the dense woods that surround a one-room cabin, where a nine-year-old Abraham Lincoln kneels at his suffering mother's bedside. She's been stricken with something the old-timers call "Milk Sickness."

"My baby boy..." she whispers before dying.

Only later will the grieving Abe learn that his mother's fatal affliction was actually the work of a vampire.

When the truth becomes known to young Lincoln, he writes in his journal, "henceforth my life shall be one of rigorous study and devotion. I shall become a master of mind and body. And this mastery shall have but one purpose..." Gifted with his legendary height, strength, and skill with an ax, Abe sets out on a path of vengeance that will lead him all the way to the White House.

While Abraham Lincoln is widely lauded for saving a Union and freeing millions of slaves, his valiant fight against the forces of the undead has remained in the shadows for hundreds of years. That is, until Seth Grahame-Smith stumbled upon The Secret Journal of Abraham Lincoln, and became the first living person to lay eyes on it in more than 140 years.

Using the journal as his guide and writing in the grand biographical style of Doris Kearns Goodwin and David McCullough, Seth has reconstructed the true life story of our greatest president for the first time-all while revealing the hidden history behind the Civil War and uncovering the role vampires played in the birth, growth, and near-death of our nation."

We'll be sure to keep you posted with any further information on Abraham Lincoln: Vampire Hunter as soon as we have more information.