Will Ferrell will star in the movie about a disgraced paleontologist who finds himself in a lost world inhabited by dinosaurs, monkey people and reptilian creatures called Sleestaks.

The $100 million project will be directed by "Lemony Snicket's A Series of Unfortunate Events" director Brad Silberling and written by Chris Henchy and Dennis McNicholas, based on the series created by Sid and Marty Krofft.

The show was also re-made as a series in the 1990s.