Based on the novel by author Ernest Cline the story centers on a young teen who escapes into an immersive online virtual world known as Oasis, described as a "social networking utopia that allows its users to lead their dream life." Before the game's creator passes away, he sets up an elaborate treasure hunt where the winner will take control of his company. When Wade enters the contest, he finds himself competing against corporate forces who will stop at nothing to beat him to it.
Cline and Eric Eason previously worked on the adapted script. Penn has been brought in to get it into a shape so that it can be taken to directors this fall--a number of high-profile helmers have already expressed interest in the gig.
Donald De Line and Dan Farah are producing the film.
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