The project was picked up by Warner Bros Pictures for development after being stalled at Paramount.
Set in 1985, premise takes place in an 'alternative' US where costumed adventurers are real and the country is edging closer to a nuclear war.
Focus is on a group of past and present superheroes, depicted as real people who must confront ethical issues, led by costumed hero 'Rorschach' who lives a vigilante lifestyle because superheroes have been outlawed.
According to sources, Paramount has the right of first refusal to co-finance the production.
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