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Actor-comedian Kevin Hart will headline the project, which hails from Warner Bros stable, according to The Hollywood Reporter.
“Black-ish” creator Kenya Barris has penned the most recent draft of the script and he will also produce the movie.
A remake of 1974 film of the same name, the film’s story follows two friends as they barely navigate the criminal underworld in order to retrieve a winning lottery ticket stolen during a robbery.
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Actor Will Smith and his Overbrook Entertainment partner James Lassiter are producing.
Famuyiwa, who has films such as “Dope” and “Confirmation” to his directing credits, most recently directed an episode of the highly anticipated “Star Wars” series “The Mandalorian” for Disney+.