The film and TV rights to the official sequel to JM Barrie's Peter Pan have been sold to a British consortium.
Peter Pan in Scarlet is published in more than 30 languages
The sale follows the widely publicised publication of Peter Pan in Scarlet by Geraldine McCaughrean last October.
BBC Films and the UK Film Council have teamed up with Newcastle-based Headline Pictures to purchase the rights.
"We believe our three companies can combine effectively to do justice to a project of such scale and ambition," said Headline's Stewart Mackinnon.
Charles Denton, executive director of the Great Ormond Street Hospital Children's Charity, said he "could not be happier" with the sale.
"We have no doubt they will help to build on the ongoing success of Geraldine's brilliant sequel."
McCaughrean was commissioned in March 2005 to write the sequel by the hospital, which holds the copyright to Barrie's children's classic in perpetuity.
Set 20 years after the original, her book finds Peter's friend Wendy having children of her own and the Lost Boys all grown up.
BBC Films' Jane Wright said the company was "thrilled to have been given the opportunity to co-develop this project".
Her sentiments were echoed by Jenny Borgars of the UK Film Council, who said the organisation was "delighted" to be supporting "a British production company" like Headline.