According to Deadline, the movie’s working title is “Project X” and details are being kept under wraps.
Todd Phillips and Joel Silver are reportedly producing the project and first-time director Nima Nourizadeh is attached to helm.
The “hard-R” rated film has a budget of $12m. Casting agents have launched a national talent search for the film’s college-aged stars.
Filming is scheduled to begin in June after T.Phillips wraps work on comedy Due Date, starring Robert Downey Jr and Zach Galifianakis.