
Rogen will co-write the 'serious action' screenplay with partner Evan Goldberg.
"The Green Hornet" premiered as a radio show in 1936, moving to comics in 1940.
Producers are Neal H. Moritz and Original Film.
"I couldn't be more thrilled to be developing this world renowned property with the people who brought 'Spider-Man' to the screen," said Moritz.
"I can't imagine a studio better equipped or more prepared to handle this kind of material than Sony. With the radio show, television program, comic books, and novels, there is ample source material to bring this classic crime-fighter to life."
"The Green Hornet" debuted January 31, 1936 on radio station WXYZ Detroit, the creation of George W. Trendle and Fran Striker of "The Lone Ranger" fame.
In 1940 Universal produced a 15-chapter movie serial.
The radio series, broadcasting until 1952 on the Mutual and NBC Blue networks, followed the adventures of 'Britt Reid', a bored playboy whose life changes when he inherits his father's newspaper 'The Daily Sentinel' and saves the life of 'Kato', a Japanese man with technical and martial-arts skills.
Following its successful run on radio, "The Green Hornet" ran in several comic books.

