Universal Pictures and Peter Berg (The Kingdom) will develop a drama about the 1973 kidnapping of oil heir Jean Paul Getty III, according to Variety. The studio has acquired screen rights to the John Pearson book "Painfully Rich: The Outrageous Fortune and Misfortunes of the Heirs of J. Paul Getty."

Robin Shushan (The Contortionist's Handbook)has been set to write the script.

The grandson of the oil billionaire, Getty was snatched at age 16, with a $17 million ransom demanded. When the family didn't reply fast enough to the ransom note, Getty's captors forwarded an envelope that contained his ear, with a promise that more pieces would follow. Ultimately, the ransom was paid, Getty was found in southern Italy, and the kidnappers got away with the fortune.