Handmade Films International has teamed up with Ilion Animation Studios to co-produce the CGI sci-fi flick, Planet One.

Joe Stillman (Shrek) is writing the script for director, Jorge Blanco. Variety notes the film is an alien invasion story about the inhabitants of Planet One, and who have two antennae and eight fingers, live in a world strangely akin to American suburbia of the 1950s, with drive-in movies, picket fences and a persistent fear of alien invasion, which is fulfilled when a human astronaut lands in their midst.

Production on Planet One is set to start in May, with the theatrical release targeted for Christmas 2008 or Easter 2009.