Lorre is attached to pen the script, with two-time Academy Award winner Douglas playing Sandy Kominsky, an actor who years ago had a brief fling with success and is now a revered acting coach, according to The Hollywood Reporter.
Arkin plays his long-suffering agent and friend, Norman.
Warner Bros Television will executive produce the 10- episode single-camera series.
"I wrote a script and we sent it to them and they said yes. I'm so excited to work with people that I've admired for 45-50 years.
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