Bob Shaye and Michael Lynne, formerly from New Line, have signed on to produce their first project over at Warners, climbing on the adaptation of Isaac Asimov's futuristic sci-fi epic Foundation, which they will produce through their Unique Features banner.

According to The Hollywood Reporter, Warners recently picked up Foundation, which had been in development at Fox. Vince Gerardis, who had been attached as a producer in the Fox incarnation, will remain on board as a producer for the Warners project with Shaye and Lynne.

Foundation is based on Asimov's "Foundation Trilogy," which centers on a society that has figured out how to predict the future based on a method called psychohistory and sets up a foundation devoted to scientific research to protect itself and ensure its survival.

The politically inflected work, which features such characters as the prophetic Hari Seldon and a villain called the Mule, spans hundreds of years, essentially tracking the rise and fall of civilizations. Each book contains a new set of characters, which has in the past prompted some development execs to say they consider it a difficult work to adapt for the screen.

Shaye and Lynne's goal is to adapt the first book for now, and, if it's successful, potentially follow the New Line The Lord Of The Rings template by developing adaptations down the road of the second and third books.

No production date has been set.