Written by Greg Erb and Jason Oremland, "King" centers on a man who must return to the fantasy world which he abandoned 30 years earlier. Erb and Oremland will also write the screenplay.
Stiller, Stuart Cornfeld and Jeremy Kramer will produce through their DreamWorks-based Red Hour Productions.
Eric Gitter, one of the partners at Oni, will also produce through his Closed on Mondays Entertainment, the company which acts as Oni's production arm. Peter Schwerin is executive producing.
Source: The Hollywood Reporter