The film will be helmed by Andy Fickman, whose directorial credits includes comedies such as "She's the Man", "The Game Plan" and "Paul Blart: Mall Cop 2".
The studio had roped in Matt Lieberman last year to rewrite the spec script it bought from Dan Ewen.
The story follows a group of rugged wildfire fighters who meet their match when they rescue a trio of rambunctious children.
Hildebrand, 22, is best known for playing Negasonic Teenage Warhead in Ryan Reynolds-starrer "Deadpool" series.
Cena, 41, most recently featured Paramount's "Transformers" spin-off, "Bumblebee", opposite Hailee Steinfeld.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)