It was announced Monday that the 33 miners have sold the rights to their story to producer Mike Medavoy. The film will recount the remarkable plight of the miners who were trapped for 69 days after the mine they were working in collapsed.
Medavoy grew up in Chile and has produced films including "Shutter Island" and "Black Swan." "Motorcycle Diaries" screenwriter Jose Rivera is set to write the script.
The production will also draw on the book being written about the miners by Pulitzer Prize-winning journalist Hector Tobar.
The miners are represented by William Morris Endeavor Entertainment.
Production is scheduled to begin next year.