"The Giver," an adaptation of the Lois Lowry novel to be directed by Phil Noyce, is penned by Michael Mitnick.
Brenton Thwaites will star in the film, a co-production between The Weinstein Company and Walden Media, which is scheduled to shoot in South Africa.
Thwaites will play a young boy who is selected for his life service as the Receiver of Memories and works with The Giver (Bridges). Streep will play the society's Chief Elder, and Holmes will play Thwaites' mother.
Holmes has also been seen on Broadway in All My Sons.
