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These are the same chaps who brought us Deja Vu which starred Denzel Washingotn and which, according to Variety, brought in 0m at the worldwide box office. Disney / Bruckheimer will be hoping for more of the same.
Variety:
The story centers on a young pilot who makes the Earth Interstellar Racing Team and must take his ship on a perilous journey across the galaxy on the brink of war.
Bruckheimer envisions the project as a live-action and potentially 3D pic.
More as we get it.