The Watchmen: According to Variety, Paramount Pictures is in negotiations with British director Paul Greengrass (The Bourne Supremacy) to helm vigilante action-adventure The Watchmen, with Larry Gordon and Lloyd Levin producing.

The project will be based on the DC Comics series of the same name, originally published in 1986. Scripter David Hayter (X-Men) signed a seven-figure deal at Universal three years ago to adapt the series.

The story, set in the 1950s, launches with a seemingly ordinary man putting on superhero garb to track down criminals. He's joined by those similarly inclined until a law is passed forcing them out of crimefighting; years later, several of his crimefighting associates are mysteriously murdered.

The Watchmen, written as a 12-part series by Alan Moore and Dave Gibbons, achieved cult status in the comicbook world for its adult sensibility and post-modern view of superheroes.