Waugh will also rewrite the sci-fi thriller based on an original screenplay by Todd Stein.
Tipping Point (working title) takes place 100 years from now as a population control enforcer faces an emotional quandary involving two fugitives.
Temple Hill Entertainment’s Marty Bowen and Wyck Godfrey are producing alongside Relativity CEO Ryan Kavanaugh and Industry Entertainment’s Andrew Deane.
Relativity president Tucker Tooley and Industry Entertainment’s Jess Rosenthal will serve as executive producers.
WME and Management 360 represented Waugh in the deal.
Waugh’s next film Snitch from Exclusive Media, Spitfire Pictures, Participant Media and ImageNation Abu Dhabi stars Dwayne Johnson and will open on Feb 2 through Summit Entertainment.