Michael Bay may still be in the midst of wallowing in the success of the bombastic box-office blockbuster that is "Transformers: Revenge of the Fallen," but that doesn’t stop him from setting his eye on more projects. Dreamworks just recently bought the rights to a yet-to-be-published science fiction book entitled "I Am Number Four," co-written by James Frey. It is supposedly the first entry into a series of six volumes, and the adaptation is set for Bay to produce and possibly even direct.
The rights to an adaptation of "I Am Number Four" were shopped around at various producers and studios until it caught the eye of Bay. He liked the concept so much that he took it to Steven Spielberg and Stacey Snider at Dreamworks who, after collaborating with Bay on the two "Transformers" movies, jumped at the chance to team up with Bay once again. It is strongly expected that Spielberg, in particular, at Dreamworks will have a heavy involvement in "I Am Number Four" as he did with the Transformers movies (he has an exec producer credit on both).
The story of "I Am Number Four" that Bay liked so much is of a group of, “nine alien teens assimilating to high school on Earth after their planet is destroyed by an enemy species. The fourth of the group discovers that the enemy is now after him on Earth.”
James Frey is the mostly known for his memoir "A Million Little Pieces" that ended up having lots of fabrications in it Frey was later chewed out by Oprah on television. So now he is writing a six-part series about aliens assimilating on Earth and Bay wants to direct it? I think this is a path that doesn't need to be taken.
More news to come! Catch ya' later!
Sources: Screen Rant, The Hollywood Reporter