Movie studio Fox 2000 has taken on the project, which is being co-produced by one of the California group's touring drummers John Stamos, according to the Hollywood Reporter.

Craig Zadan and Neil Meron, who worked on 2007 film musical Hairspray, are also thought to be producing the project.

No plotlines have yet been revealed, but the film is not believed to be a biopic.

Fox 2000 apparently outbid rival studio Universal to secure the project.