Warners has been developing the project since 2009 as a potential tentpole. While the 1983 feature “Twilight Zone” had four separate storylines, this pic will have one story with elements from the “Twilight Zone” universe.
DiCaprio will produce with his partner Jennifer Davisson Killoran and Michael Ireland.
“Oblivion” took in $286 million worldwide for Universal following its April opening. Kosinski also directed 2010’s “Tron: Legacy.”
The show melded fantasy, science-fiction and horror elements with Serling serving as the exec producer and writing or co-writing 92 of the show’s 156 episodes along with delivering monologues at the beginning and end of each episode.
Rand Ravich (“The Astronaut’s Wife”) and Joby Harold have been attached at various points to write the “Twilight Zone” script. “Cloverfield” director Matt Reeves was in talks to direct “The Twilight Zone” in 2011.
The THR.com website first reported the Kosinski negotiations.