The untitled project is based on an original idea developed internally at Mosaic Media Group and purchased by Sony.
David Guion and Michael Handelman will pen the screenplay, and Michael De Luca and Jonathan Kadin are overseeing the project for Sony Pictures Entertainment.
Ferrell is known for his film work in the "Anchorman" movies, "Step Brothers," "The Other Guys," "Old School," "Elf" and more.
This musical from the writers of Mrs. Doubtfire ran on Broadway in 2015.
The Off-Off Broadway theatre will bring a new show to Scotland.
The musical will be one of two presented by SIX The Musical's Alchemation at the annual festival.
The disability romantic-comedy uses text-to-speech technology to connect its leading couple.
Michael Sheen plays Aneurin "Nye" Bevan in the Rufus Norris-directed production at the Olivier.
Charles Kirsch directs the evening for the Off-Broadway company with musical direction by Michael Lavine.
Artistic Director David Saint is helming the Jonathan Larson musical at the New Jersey company.
The musical follows Bobby, a Chicagoan whose failed band leads to him returning to corporate America.
The new play recounts the story of Vladimir Putin's rise to power.
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