The new version of the “Vacation” adventures of the Griswold family will follow Rusty, who now has his own family misadventures on the road.
David Dobkin will produce through his David Dobkin Productions banner.
The plan is to get the film into production sometime in the second quarter of 2013.
Applegate was always considered the favorite even when Helms was not officially attached, given her relationship with New Line after working on “Going the Distance” and “Hall Pass.” Insiders say the reason for the delay in putting together a deal had to do with the studio re-configuring the budget and getting in a new draft of the script.
The CAA and Management 360-repped Applegate is about to start production on Paramount’s “Anchorman: The Legend Continues.”