The movie will be a co-production between Gary Sanchez Productions and Mosaic. Sony has not set a release date on the film, but it is expected to go into production as quickly as the filmmakers can get it ready, reports Variety.
The comedy was pitched around town on Tuesday by Endeavor and CAA, and Sony co-president Matt Tolmach moved quickly. The trade says that Tolmach was comfortable committing to a film without a finished script, because Columbia worked in exactly the same fashion on "Talladega Nights" and Step Brothers, both of which were set up with a pitch and the collaborative track record of McKay and Ferrell.
Sony intends to register the title The B Team, a challenge considering that 20th Century Fox is mobilizing a movie based on the TV series "The A Team," with Joe Carnahan directing.