Bottom of Barrel Dangerously Overscraped, Experts Warn.

Today in "Will Ferrell's Eminently Punchable Face" news:

Universal has cut a deal to mount a live-action film based on Sid and Marty Krofft's '70s children's show Sigmund and the Sea Monsters, Variety reported.

The deal comes after Universal and Mosaic completed production on the $100 million Will Ferrell film Land of the Lost, another property that originated as a Saturday morning Krofft creation. Land of the Lost is set for release in June.

The script for Sigmund will be penned by Dana Gould, a writer-producer on The Simpsons.

Sony is developing a live-action version of the Kroffts' H.R. Pufnstuff and is in talks with director Conrad Vernon (Shrek 2).

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