Newly launched MVP Studios is producing the film. The Florida-based company was founded by Robert Molloy, grandson of the late New York Yankees owner George Steinbrenner, and Armando Gutierrez (“Walt Before Mickey”) with a focus on producing and distributing family films.
Shooting is set to start in March in Georgia, with Chris Bouchard (“Hackney’s Finest”) directing from a screenplay by Blake Harris (“12 Dates of Christmas”). Molloy and Gutierrez are the film’s producers.
Andersen’s story, first published in 1837, centers on a young mermaid willing to give up her life in the sea to gain a human soul after she falls in love with a handsome prince. Disney’s animated “The Little Mermaid” was released in 1989 and grossed over $200 million worldwide.
Another live-action “Little Mermaid” adaptation — starring Chloe Moretz — is in the works at Universal.
Peralta will portray a young orphan who discovers a beautiful and enchanting creature (Drayton), who she believes to be the real “Little Mermaid.” MacLaine plays an eccentric woman who has intimate knowledge of the story.
“We’re thrilled to be launching MVP Studios with ‘A Little Mermaid,’ a magical adventure that uses the beloved fairytale as its jumping off point, but is an all-new story with all-new characters that the entire family can enjoy,” Molloy and Gutierrez said.
MVP Studios is also developing “Gehrig,” a biopic about the iconic baseball player Lou Gehrig. Gary Cooper starred in the 1942 movie “Pride of the Yankees,” released a year after Gehrig died at the age of 37 from amyotrophic lateral sclerosis.
MacLaine won a best actress Oscar for “Terms of Endearment.” She recently appeared in “The Secret Life of Walter Mitty,” “Wild Oats” and “Elsa & Fred.” She’s starring with Amanda Seyfried in “The Last Word.”
Drayton starred in MTV’s “The Shannara Chronicles,” and Peralta appeared in “Instructions Not Included.”