Witherspoon will also produce the film with her producing partner Bruna Papandrea through their Pacific Standard banner, reports variety.com.
Victoria Strouse is penning the script. The plot details are unknown yet, but other than that, the film is set in the world of the classic novel with Tinker Bell in full focus. The project is still in development, and there is no timeline for it to go into production.
It is yet another project based on a classic Disney animated film that is being given the live-action treatment.
Disney has already seen live-action versions of Alice in Wonderland, Sleeping Beauty story Maleficent and Cinderella become box office hits, and the studio sees this as a formula that works as well for a comicbook film.
Witherspoon was last seen in Hot Pursuit and recently joined drama Pale Blue Dot.
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