EXCLUSIVE: End Cue, the financier-producer that teamed on the Sundance film Cop Car with newly minted Spider-Man helmer Jon Watts and writer Christopher Ford, has a follow-up project with the duo. End Cue has closed a pitch deal in competition on what is being called The Untitled Urban Explorers film. Watts and Ford will write it for Watts to direct. It is described as young-adult adventure set under NYC’s Lower East Side. The auction began before Watts was tapped by Sony, Marvel’s Kevin Feige and producer Amy Pascal to helm the new iteration of Spider-Man. The deal just closed.

NEW YORK, NY - JUNE 21:  Director Jon Watts attends the premiere of "Cop Car" during BAMcinemaFest 2015 at the BAM Peter Jay Sharp Building on June 21, 2015 in New York City.  (Photo by Rob Kim/Getty Images)Timing of this new project will work around Watts’ schedule in resuscitating the webslinger franchise, which now is his top priority, but End Cue partners Andrew and Walter Kortschak now have a hot project with an emerging A-list director. End Cue will get a script from Watts and Ford before figuring the next move. The company financed the Kevin Bacon starrer Cop Car, which Focus World bought and releases August 7.

“Our collaboration on Cop Car was seamless, and to be working on a large-scale project with them is a dream come true,” said the Kortschaks. “Their energy and creativity is infectious, and it is exciting to be part of their team once again.”

Related ‘Cop Car’ Trailer: Sheriff Kevin Bacon Menaces Kids Who Stole His Cruiser

CAA and attorney Gregory Slewett rep the duo, and Ford is managed by Dianne McGunigle. CAA and attorney Craig Emanuel  rep End Cue.