Walden Media, the production company behind wee'un-friendly films like The Chronicles Of Narnia series and City Of Ember, have picked up Randi Mayem Singer's script for Gene.
The Hollywood Reporter describes Gene as a modern-day take on the genie story. According to Walden CEO Michael Bostick, it's a family comedy combining "originality, humor, heart and broad appeal that all ages can enjoy". And hopefully a giant blue fat man in hotpants.
Screenwriter Singer is the creator of TV series Jack & Jill and co-writer of Mrs. Doubtfire, which bodes well, and is currently working on a script for Big Momma's House 3, which doesn't.
No director is attached yet, but Jordan Kerner (Charlotte's Web) is producing under his Kerner Entertainment Banner.