From Variety:
Disney has acquired the script "Monster Witness Relocation Program" from Michael Wilson and Ahmet Zappa.
Project's been set up at Will Smith's Overbrook Entertainment and Zappa's Monsterfoot Productions. Logline's being kept under wraps.
Project's being developed as a possible vehicle for "The Karate Kid" star Jaden Smith, though the thesp isn't attached at this point.
In 2005, Disney and Jerry Bruckheimer Films paid $1.5 million for film rights to Zappa's then-unpublished novel "Monstrous Memoirs of a Mighty McFearless." That story concerns a young brother and sister who learn their family is part of a long line of monster hunters.
This project sounds great, and the title is awesome. That's the first thing that struck me here. And then the second thing was wow, how nice must it be when your dad sets up a production company and starts looking for projects for you? I mean, if you want to act. I guess it would be a nightmare if you don't.