Universal has inked a deal to develop a live-action film based on Sid and Marty Krofft's '70s kidshow Sigmund and the Sea Monsters.
According to Variety, the deal comes after Universal and Mosaic completed production on the Will Ferrell starrer Land of the Lost, another property that originated as a Saturday morning Krofft kidshow creation. Land of the Lost is set for release in June.
The script for "Sigmund" will be penned by Dana Gould, a writer-producer on The Simpsons.
Sigmund and the Sea Monsters originally ran on NBC from 1973-75, and the show was a staple in reruns on local TV stations for the rest of the decade. After the sea monster is booted from his home by his nasty brothers for being too nice, Sigmund is befriended by two friends who stash him in their clubhouse.
No word on when production will begin.