Alex Ross Perry is set to write the script.
The film will follow Christopher Robin, the little boy who befriends a lovable bear in the celebrated A.A. Milne books, as an adult.
According to sources, the film will share similarities with Seth MacFarlane's fantasy-buddy film "Ted," but center more on family fun than vulgarities, reported Variety.
The character of Winnie the Pooh was created by Milne for a collection of stories in the books "Winnie-the-Pooh" (1926) and "The House at Pooh Corner" (1928).
Disney licensed the rights to the bear in 1961, leading to TV shows and four feature films: "The Tigger Movie," "Piglet's Big Movie," "Pooh's Heffalump Movie," and "Winnie the Pooh."
The film falls in line with Disney's slate of live-action adaptations that include next year's "Beauty and the Beast," "Aladdin" - which Guy Ritchie recently came on to direct - "Snow White," "Lion King" - helmed by "The Jungle Book" director Jon Favreau - and "Mulan."
Another Christopher Robin project, "Goodbye Christopher Robin," is also in the works at Fox Searchlight starring Margot Robbie and Domhnall Gleeson.
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