The project has been in development since 2008, way back when Sam Raimi was in talks to direct Spider-man 4. The project was initially intended as a starring vehicle for Topher Grace, who played Venom in Spider-Man 3. The project fell apart in December 2009, when Topher Grace indicated he would not return for the spin-off. It is believed that Topher Grace will not play the title character in this new version.
Now it seems the project is back on track, with Sony seeking out a new screenwriter to tackle Venom. Writers such as Jacob Aaron Estes and the Zombieland team of Rhett Reese and Paul Wernick were attached to write the script at one point.