Gordon-Levitt, 34, will also star in the film, reported Variety.
"The first screen personas I ever loved were Henson creations, first on 'Sesame Street', and then on 'Fraggle Rock'," he said.
"Jim Henson's characters make you laugh and sing, but they're also layered, surprising, and wise. From Oscar the Grouch, to Yoda, to the Fraggles.
"I've never stopped loving his work, even as a young frisky man, and on into adulthood. Collaborating with Lisa Henson makes me confident we can do something that Jim would have loved. I'm grateful and excited to be working with New Regency on this project," Gordon-Levitt said.
The original series revolved its story on "the adventures of cave-dwelling creatures called Fraggles who have to deal with the industrious Doozers and furry giants called Gorgs.
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