Studio takes over Farrelly pic from MGM

Twentieth Century Fox is taking over the Farrelly brothers’ “The Three Stooges” from MGM and is eyeing a March start date for the long-gestating feature.

Bobby and Peter Farrelly, who wrote the script with Mike Cerrone, will direct. They’re producing with Conundrum partner Bradley Thomas and Charles B. Wessler. C3 Entertainment principals Earl and Robert Benjamin, who control rights to the Stooges’ estate, will exec produce.

News came on the same day that a federal bankruptcy court OK’d MGM’s debt reorganization plan.

The Farrelly brothers first tried to get “Stooges” set up at Columbia, then at Warner Bros., eventually landing the project at MGM in 2009. A delayed release date and financial troubles stalled the pic at MGM.

Fox is a natural fit since the Farrelly’s shingle Conundrum has a deal at the studio.

“Stooges” is currently still out to actors.

Pic will be divided into three sections and will make use of the original slapstick and physicality that defined the Stooges.

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