Phoenix Pictures' Mike Medavoy, Arnold Messer, Brad Fischer and David Thwaites will produce and MGM's executive vice president of production Cale Boyter will oversee for the studio. Self's credits include Road To Perdition and Thirteen Days.
The announcement came, appropriately enough, on the opening day of the annual pop culture jamboree Comic-Con, a day on which veteran producer Bob Cooper also chose to reveal that his Landscape Entertainment had acquired feature rights to Kody Clark Westerman's graphic novel thriller Pretty, Baby, Machine.
Cooper will produce and Landscape's Brian Truman will oversee development along with executive producers Clark Westerman and Rodney Wilson.
Pretty, Baby, Machine takes place during the summer of 1933 when America is in the grip of Prohibition and three gangsters, Pretty Boy Floyd, Baby Face Nelson and Machine Gun Kelly, make a pact to kill the celebrated mobster Al Capone.
Cooper previously produced Mr Woodcock and John Tucker Must Die and is preparing the civil rights drama The Crusaders for Universal that will reunite Tobey Maguire with Seabiscuit director Gary Ross.
The first day at Comic-Con delivered two highlights. The first was a surprise appearance by Hugh Jackman to promote Fox's upcoming Wolverine in which the Australian actor, who stars later this year opposite Nicole Kidman in Baz Lurhmann's epic romance Australia, thanked Wolverine creator Len Wein for writing the character that launched his film career.
Later in the morning Summit Entertainment hosted a panel for Catherine Hardwicke's upcoming vampire adaptation Twilight. Hardwicke, leads Kristen Stewart and Robert Pattinson and the book's author Stephenie Meyer attended and if the crowd's reaction is anything to go by, Summit has a potential hit franchise on its hands.
Anticipation is mounting ahead of Friday's presentations for Warner Bros and PPI's The Watchmen and Oddlot Entertainment and Lionsgate's The Spirit, both of which are highly regarded comic book and graphic novel properties.
*Cinema Libre has picked up Brandon Kleyla's documentary Indyfans And The Quest For Fortune And Glory, which offers diehard fans an affectionate glimpse into the world behind the Indiana Jones franchise. Cinema Libre will release on DVD later this year.