Adam Fogelson, chairman of STX's Motion Picture Group, spoke at at CinemaCon in Las Vegas to announce the film is slated for the STX Family banner and will also feature new songs written by Webber and Rice.
The film will be produced by Elton John's Rocket Pictures in association with Really Useful Group.
"Originally written by Andrew Lloyd Webber and Tim Rice as a pop cantata for students in London in 1968, Joseph and the Amazing Technicolor Dreamcoat was expanded into a concept album and subsequently a globally successful theatrical stage phenomenon, David Kosse, president of STX International, told The Hollywood Reporter. "Joseph has become one of the most enduring, irresistible and beloved family musicals of all time. We could not be more honored or excited to be partnering with Andrew, Tim and Elton, legends of music, stage and screen, on this animated telling of this timeless story."
Joseph and the Amazing Technicolor Dreamcoat is based on the biblical story of Joseph, the favorite son of Jacob, who is sold into slavery by his siblings, but gains favor with the Pharaoh for his ability to interpret dreams.