Jim Seibel and Bill Johnson’s company will finance and handle international sales after acquiring Peter Scott’s spec R-rated comedy screenplay.
Film 360’s Daniel Rappaport and Ben Forkner will produce with Industry Entertainment’s Andrew Deane and Michael Botti.
Will Speck and Josh Gordon will serve as executive producers alongside Seibel, Johnson and Ara Keshishian.
The project centres on a couple who visit their freshman son at during parent’s weekend and enjoy the university experience they never had.
Scott (pictured) is the author of two books, Well Groomed and There’s A Spouse In My House: A Humorous Journey Through The First Years Of Marriage.
Lotus Entertainment’s slate includes: David Leveaux’s The Kaiser’s Last Kiss starring Lily James and Christopher Plummer; Tom Tykwer’s A Hologram For A King starring Tom Hanks; Scott Hicks’ Fallen; Sacha Gervasi’s November Criminals with Chloë Grace Moretz and Ansel Elgort; and Tanya Wexler’s Replicas starring Keanu Reeves.
Industry Entertainment’s upcoming slate includes Tipping Point directed by Ric Roman Waugh and set up at Relativity and the thriller Dig through Vega, Baby!
Film 360 has The Gallows out on July 10 through New Line / Warner Bros and is in post-production on the Steve Jobs biopic that Universal plans to release on October 9. It also has Lifeboat for Working Title and Focus Features, which sees Joe Wright directing Anne Hathaway.