Levy will produce the untitled project through his Fox-based 21 Laps production company. McCarthy will also produce via her On The Day banner.
Nicholas Stoller will write the script from an idea by Levy and McCarthy. Tinker Bell originated as a fairy in J.M. Barrie’s 1904 play “Peter Pan.”
McCarthy is starring with Bill Murray in “St. Vincent” and Fox’s upcoming comedy “Spy.”
Levy’s “Night at the Museum: The Secret Tomb” will be released by Fox on Dec. 19. Stoller directed “Neighbors” for Universal and wrote “Sex Tape.”
McCarthy is represented by CAA and the Schiff Co. Levy is repped by WME and Stoller is repped by UTA.
The news was first reported by Deadline.