"The Watchmen" superhero comic book series has been picked up by Warner Bros Pictures for development after being stalled at Paramount.
The property has been in development since the 1980's.
"The Watchmen" crime-conspiracy stories provide a behind the scenes look at the lives of superhero archetypes.
November 2005 the graphic novel was the only 'nonbook' on Time's list of the 100 best novels since 1923.
Premise of "The Watchmen", set in an 'alternate' America, focuses on costumed hero 'Rorschach', who lives a vigilante lifestyle because superheroes have been outlawed.
Investigating a crime, Rorschach suspects a much larger conspiracy.
According to sources, Paramount has the right of first refusal to co-finance the final picture.
