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On the Olympic team

Rookie scribes' 'Blades' skates to D'Works

DreamWorks has preemptively bought comedy spec “Blades of Glory” by first-time scribes Craig and Jeff Cox. Ben Stiller and Stuart Cornfeld’s Red Hour will produce with John Jacobs’ First Entertainment shingle.

Pic is a high-concept comedy set in the world of professional ice skating. Story concerns two former rivals who, stripped of their gold medals from the 2002 Winter Games and permanently banned from the men’s singles Olympics figure skating competish, exploit a loophole in their suspensions and join forces to compete in the pairs category.

Stiller and Cornfeld will produce with Jacobs.

Colin O’Reilly will co-produce.

The project will be overseen at the studio by Jeremy Kramer.

Brothers see Red

First Entertainment developed the script with the Cox brothers — who collaborated on the story with Busy Phillips (“Freaks and Geeks”) — and then brought the project to Red Hour, at which point DreamWorks became involved.

Pic is the third project manager-producer Jacobs has set up at the studio. The others are animated feature “House Party,” developed with “Family Guy” creator Seth MacFarlane, and “Get Me Roman Farraday.”

First Entertainment recently produced Fox Searchlight’s Johnny Knoxville starrer “The Ringer” with Conundrum Entertainment. Previously, the shingle developed and produced Revolution’s Adam Sandler comedy “Anger Management.”

Red Hour, which recently reupped its first-look deal at DreamWorks, is moving ahead with “Tropic Thunder,” which Stiller will potentially direct and topline.

Stiller next will direct the pilot episode of HBO’s “Super 8,” a Red Hour-produced, coming-of-age series set in New York in the 1970s.

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