Duly Noted's Effie T Brown and Mosley's Marcus Spence and Monique Idlett-Mosley will produce the story of five women and their relationship with the members of a rising rock band.
Brown and Timbaland plan a multi-platform launch across film, television and internet with extra material for mobile platforms.
'Richard and I knew that Timbaland and Mosley Media Group would be the perfect partner to make Vinyl a reality - bringing real life experience to a strong character-driven film with a completely new sound from a rock band that has yet to be heard,' Brown said. 'Vinyl will be badass!'
'I am so excited to enter into this partnership, which will allow me to explore my creativity even more,' Timbaland aka Tim Mosley said.
Mosley Media Group and Duly Noted are represented by Endeavor Agency.