According to Variety, after four movies with the Mouse House, M. Night Shyamalan has moved to Warner Bros. Pictures for his next pic, Lady in the Water.

The story concerns a building super who finds a sea nymph in his apartment building's pool. Shyamalan wrote the script and will produce the film under his Blinding Edge Pictures banner with his longtime producer Sam Mercer.

Production will begin in August on location in Philadelphia, for release in July 2006.