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The film was described as the "story of a toymaker, his granddaughter, and a magical invention."
Talbot's previous holiday fare includes the films El Camino Christmas, First Sunday, Baggage Claim and Almost Christmas.
Ty Stiklorius, a Get Lifted partner and executive producer of La La Land and WGN series Underground alongside Legend and Jackson, will also serve as an executive producer.
Talbert is slated to produce Jingle Jangle alongside Lyn Sisson-Talbert and Brillstein Entertainment Partners.