BREAKING: Warner Bros. and 1821 Media have partnered  to develop an untitled ‘Treasure Hunt’ project, an original concept by 1821’s Terry Dougas about a group of treasure seekers who steal artifacts from museums around the world and through the criminal underworld set out in pursuit of the greatest treasure of all time. Grant Pierce Myers, who previously co-adapted the YA novel The Maze Runner for Fox, will pen the screenplay. Roy Lee via his Vertigo Entertainment banner and 1821 Media will produce. Warner Bros.’ Jon Berg, who helped Dougas develop the idea, will be overseeing for the studio along with Jon Gonda.

“Given their success with franchises such as Harry Potter and the Batman series, Warner Bros. is the ideal partner to develop this action thriller which has enormous franchise potential,” said 1821 company principals Paris Kasidokostas-Latsis and Terry Dougas (both of whom will produce alongside Lee).

Last month, 1821 partnered with Lionsgate to adapt their New York Times Best-Selling graphic novel Romeo and Juliet: The War into a feature film with Stan Lee’s POW! Entertainment.

Kasidokostas-Latsis and Dougas recently produced Paul Weitz’ critically acclaimed Grandma for Sony Classics, for which Lily Tomlin was nominated for a Golden Globe. They also produced Gavin O’Connor’s Jane Got A Gun starring Natalie Portman for TWC and are executive producing Doug Liman’s Mena starring Tom Cruise for Universal Pictures. 1821 Media’s other projects include William Wheeler’s Untitled Kyriakides Project for Disney, and The Odyssey for Warner Bros., which David Heyman (Harry Potter) is producing.

Lee, of course, is a major player, producing the smash hit The Lego Movie for Warner Bros., How To Train Your Dragon franchise films and critically acclaimed The Departed, to name a few.

The deal was negotiated by Loeb & Loeb’s Craig Emanuel. Myers is represented by Gotham Group, attorney Morris Yorn and Paradigm Talent Agency.

Kasidokostas-Latsis recently set up the Hercules Film Fund, to bring European investors to Hollywood to finance 3 to 5 wide release films per year. Dougas and Jean-Luc De Fanti formed Rhea Films, which is the producing vehicle for films financed by Hercules.

Previously released titles include: And While We Were Here, starring Kate Bosworth; Robert Rodriquez’s Machete KillsSwing Vote starring Kevin Costner; The Box starring Cameron Diaz; and The Invention of Lying starring Ricky Gervais and Jennifer Garner. The company also produced documentary With Great Power the Stan Lee Story and recently launched a kids multimedia company, Stan Lee’s Kids Universe.