Disney executives announced today that the hit Disney Channel series Phineas and Ferb is being developed for a new theatrical movie. Disney's head of production and Tron: Legacy producer Sean Bailey is developing the project.

The project is still in early stages of development, although it was said to be a combination of live-action and animated elements. No story details were given.

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Phineas and Ferb premiered on the Disney Channel in 2007 and has already spawned a spin-off series, Take Two with Phineas and Ferb, where the animated characters interview celebrities. The series launched in December and guests have included Seth Rogen, Taylor Swift, Jack Black, Neil Patrick Harris and Emma Roberts.

A feature-length TV movie, Phineas and Ferb Across the 2nd Dimension will air on the Disney Channel next summer. No production schedule for the theatrical Phineas and Ferb adventure was announced.