In a story from Variety, Paramount Film Group's president Adam Goodman recently had the studio pony up seven figures for the action-comedy pitch License to Steal.
Screenwriter Shane Salerno will write the script.
The pitch is based on Marc Weingarten's Salon.com article that looks at the high-end repo business. Apparently, these repo men go all over the world to "reclaim play toys including private jets and speedboats."
Writer-producers Alex Kurtzman and Roberto Orci will be producing License to Steal. This duo wrote Transformers: Revenge of the Fallen with Ehren Kruger.
Paramount apparently nabbed this project before the other studios had time to take a crack at picking it up.
Initially, some of the article was published in two separate parts by Salon.com. Salerno initially picked up the article from Weingarten about a year ago. Studios were given an 8,000-word unpublished version to read at that time.
Salerno is currently working on a project that James Cameron is producing for Fox.