MGM has acquired rights to the Jason Carter Eaton children's book "The Facttracker" and will turn it into a live-action feature to be directed by David Silverman.

Silverman directed the animated hits The Simpsons Movie and "Monsters, Inc." The author and his writing partner, Ian Lendler, will pen the script, according to Variety.

The book is a fable about Traakerfaxx, a town that produces all the facts in the world. The arrival of a salesman who peddles lies throws the town into chaos, and a young orphan and the reclusive Facttracker team up to save the town from becoming a haven for fibs.