Smallville creators Gough and Miller will adapt I AM NUMBER FOUR
Al Gough and Miles Millar have been recruited by DeamWorks to write the script for a new film based on a young adult book by James Frey, and Jobie Hughes called, I Am Number Four. The story follows a group of nine aliens who flee to Earth, disguised as teenagers, when their home planet is destroyed.
Gough and Miller are also credited on writing films such as Spider-Man 2, which was great, The Mummy: Tomb of the Dragon Emperor, which was not so great, Hannah Montana: The Movie, which makes me ask the question... why? They have also been tapped to write the new Robotech movie. It should be interesting to see how this movie turns out. This story seems like it is right up their ally.
Michael Bay is actually producing the film, and he may end up directing it as well.
Source: Variety