Mandalay Entertainment is sweet on the spec “Kung Foo Theater” from scribe Tom Jankiewicz (“Grosse Pointe Blank”), slapping down high-six against seven figures for the rights.
Story was developed by Jankiewicz along with producer Paul Jay Shrater, who will take an exec producer credit. Mandalay plans to put the film into production early next year.
Jankiewicz got story credit for and was the first writer on the John Cusack starrer “Grosse Pointe Blank.”
“Kung Foo Theater” is described as a parody of the martial-arts genre, centering on a young man who finds himself trapped in a martial arts film.
Shrater was director of development at Morrow-Heus Prods., once based at Sony.
Jankiewicz and Shrater are repped by Caren Bohrman and attorney Alan Grodin at Weissmann, Wolff, Bergman, Coleman, Silverman & Holmes.