It will be Sesame Street's third big screen adaptation since the show debuted one hundred thousand years ago in 1969.
People are speculating that the project, which will be directed by Shawn Levy (Night At the Museum), was given the green light in the wake of the crushing success of 2011's film The Muppets.
But comparing the Muppets to Sesame Street is like comparing the cool baby sitter who lets you eat candy for second, third, and fourth breakfast to your boring parents who make you get vaccinated so you don't catch Rubella. Both contribute something of value to your early development, but only one of them is perfect fodder for a hilarious movie.
Sesame Street recently made headlines when it was reported that music from the show was blared on a loop as a torture tactic used against Guantanamo Bay and Abu Ghraib detainees. The movie probably won't get into all that, though.
Joey Mazzarino, a longtime writer for the series, has signed on to write the screenplay.