Chloe Moretz to star in 'Little Mermaid' for working title; Richard Curtis to Pen Script (EXCLUSIVE)
WATCH WHAT HAPPENS LIVE -- Pictured: Chloe Grace Moretz -- (Photo by: Charles Sykes/Bravo/NBCU Photo Bank via Getty Images)
NEW YORK, NY - APRIL 13: Actress Chloe Grace Moretz attends 'The First Monday In May' World Premiere during Opening Night of 2016 Tribeca Film Festival at John Zuccotti Theater at BMCC Tribeca Performing Arts Center on April 13, 2016 in New York City. (Photo by Gilbert Carrasquillo/FilmMagic)
NEW YORK, NY - APRIL 14: (EXCLUSIVE COVERAGE) Actress Chloe Grace Moretz poses for a portrait during the Juror Welcome Lunch at the 2016 Tribeca Film Festival on April 14, 2016 in New York City. (Photo by Larry Busacca/Getty Images)
LOS ANGELES, CA - APRIL 20: Chloe Moretz is seen at LAX on April 20, 2016 in Los Angeles, California. (Photo by GVK/Bauer-Griffin/GC Images)
LONDON, UNITED KINGDOM - APRIL 25: Chloe Moretz seen leaving the BBC Radio 1 Studios, Portland Place on April 25, 2016 in London, England. (Photo by Alex Huckle/GC Images)
HOLLYWOOD, CA - FEBRUARY 12: Chloe Grace Moretz attends Delta Air Lines 2016 GRAMMY Celebration at NeueHouse Los Angeles on February 12, 2016 in Hollywood, California. (Photo by Tibrina Hobson/FilmMagic)
LOS ANGELES, CA - JANUARY 07: Chloe Grace Moretz attends The 41st Annual People's Choice Awards at Nokia Theatre LA Live on January 7, 2015 in Los Angeles, California. (Photo by Christopher Polk/Getty Images for The People's Choice Awards)
BEVERLY HILLS, CA - DECEMBER 18: Actress Chloe Grace Moretz accepts Next Generation Star onstage during the PEOPLE Magazine Awards at The Beverly Hilton Hotel on December 18, 2014 in Beverly Hills, California. (Photo by Kevin Winter/PMA2014/Getty Images for dcp)
Chloe Grace Moretz poses on the red carpet for the 87th Oscars on February 22, 2015 in Hollywood, California. AFP PHOTO / MARK RALSTON (Photo credit should read MARK RALSTON/AFP/Getty Images)
LAS VEGAS, NV - FEBRUARY 19: Actress Chloe Grace Moretz makes phone calls at a campaign office for Democratic presidential candidate Hillary Clinton on February 19, 2016 in Las Vegas, Nevada. Clinton is challenging Sen. Bernie Sanders for the Democratic presidential nomination ahead of Nevada's February 20th Democratic caucus. (Photo by Ethan Miller/Getty Images)
Chloe Grace Moretz Arrives At The Premiere Of Let Me In At The Vue Cinema In London. (Photo by Mark Cuthbert/UK Press via Getty Images)
UNIVERSAL CITY, CA - OCTOBER 15: Actress Chloe Grace Moretz speaks onstage at Spike TV's 'SCREAM 2011' awards held at the Universal Studios Backlot on October 15, 2011 in Universal City, California. (Photo by John Shearer/WireImage)
Chloe Grace Moretz at the 'Hugo' Press Conference at the Ritz Carlton Hotel on November 20, 2011 in New York City.
LOS ANGELES, CA - JANUARY 11: Actress Chloe Grace Moretz, winner Favorite Movie Star Under 25, speaks onstage at the 2012 People's Choice Awards at Nokia Theatre L.A. Live on January 11, 2012 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
CULVER CITY, CA - APRIL 14: Actress Chloe Grace Moretz arrives at the 2013 MTV Movie Awards at Sony Pictures Studios on April 14, 2013 in Culver City, California. (Photo by Jeffrey Mayer/WireImage)
TOKYO, JAPAN - OCTOBER 23: Chloe Grace Moretz attends the 'Carrie' Stage Greeting at Shinjuku Piccadilly on October 23, 2013 in Tokyo, Japan. (Photo by Jun Sato/WireImage)
CANNES, FRANCE - MAY 23: Chloe Grace Moretz attends the 'Clouds Of Sils Maria' photocall at the 67th Annual Cannes Film Festival on May 23, 2014 in Cannes, France. (Photo by Mike Marsland/WireImage)
LOS ANGELES, CA - FEBRUARY 24: Actress Chloe Grace Moretz attends a game between the Los Angeles Kings and the Detroit Red Wings at STAPLES Center on February 24, 2015 in Los Angeles, California. (Photo by Juan Ocampo/NHLI via Getty Images)
NEW YORK, NY - DECEMBER 11: Chloe Grace Moretz attends Z100's iHeartRadio Jingle Ball 2015 arrivals at Madison Square Garden on December 11, 2015 in New York City. (Photo by Andrew Toth/FilmMagic)
PARIS, FRANCE - MARCH 11: Chloe Grace Moretz attends the Louis Vuitton show as part of the Paris Fashion Week Womenswear Fall/Winter 2015/2016 on March 11, 2015 in Paris, France. (Photo by Dominique Charriau/WireImage)
NEW YORK, NY - SEPTEMBER 15: Actress Chloe Grace Moretz attend the Coach presentation during Spring 2016 New York Fashion Week on September 15, 2015 in New York City. (Photo by Michael Stewart/WireImage)
LOS ANGELES - OCTOBER 9: Actress Chloe Grace Moretz arrives at the premiere of Dreamworks Pictures' 'Dreamer: Inspired by a True Story' at the Mann Village Theater on October 9, 2005 in Los Angeles, California. (Photo by Michael Buckner/Getty Images)
HOLLYWOOD - JULY 19: Actress Chloe Grace Moretz arrives at the Los Angeles premiere of 'G-FORCE' at the El Capitan Theatre on July 19, 2009 in Hollywood, California. (Photo by Jeffrey Mayer/WireImage)
Chloe Grace Moretz during 'Charlotte's Web' Los Angeles Premiere - Arrivals at ArcLight Theatre in Hollywood, California, United States. (Photo by Jason Merritt/FilmMagic)
WESTWOOD, CA - JUNE 20: Chloe Grace Moretz attends the 2008 Los Angeles Film Festival's Poker House Screening on June 20, 2008 at Mann Festival Theater in Westwood, California. (Photo by Amy Graves/WireImage)
HOLLYWOOD, CA - APRIL 13: Chloe Grace Moretz arrives at the 'Kick-Ass' Los Angeles Premiere at The Cinerama Dome on April 13, 2010 in Hollywood, California (Photo by Gregg DeGuire/FilmMagic)
Working Title's Tim Bevan and Eric Fellner will produce. Liza Chasin and Amelia Granger will executive produce.
Not much is known about how this version will compare to previous versions of the Hans Christian Andersen story, which follows a mermaid who wished to become human after falling in love with a man she saved from drowning.
Exec VP of Production Erik Baiers and creative executive Chloe Yellin will oversee the project for Universal.
Earlier this year, director Sofia Coppola left the project after creative differences with the studios. Since the project is not yet dated, execs felt it was smarter to take one more pass at the script with a top-level writer in order to attract the type of talent they want for the project.
Moretz had been the frontrunner for the role even while Coppola was still attached; some insiders point to Coppola's unwillingness to go with a star like Moretz as her impetus for parting ways with the project. Following Coppola's exit, the studio still wanted Moretz for the role but did not want to make it official until a writer was attached to pen the final pass at the script.
Moretz is currently filming "Neighbors 2: Sorority Rising" for Universal after having just finished "Brain on Fire." She can be seen next in Sony's "The Fifth Wave" and also has "November Criminals" set to bow next year. She is repped by WME, T-squared Entertainment and Sloane Offer Weber & Dern.
Curtis' credits include "Love Actually" and "Four Weddings and a Funeral," which have both been popular with auds and critics. He most recently wrote and directed "Trash" starring Rooney Mara. He is repped by United Agents and Gang, Tyre, Ramer & Brown.