The first movie was released in 2001, with the sequel following in 2004.
Debra Martin Chase, who originated the film franchise, will produce alongside Hathaway under her Somewhere Pictures banner.
Naia Cucukov (Lim’s producing partner at 100 Tigers) will executive-produce the film with Melissa Stack.
Flora Greeson is writing the script, which is expected to continue the story from the first two movies rather than rebooting the franchise.
The new movie has been in development since 2022 and last year, Hathaway hinted at an update.
She told V magazine: “We’re in a good place. That’s all I can say. There’s nothing to announce yet. But we’re in a good place.”
