By Hillary Busis
Updated October 23, 2012 at 01:35 PM EDT

Good news for fans of Alexander and the Terrible, Horrible, No Good, Very Bad Day: a rep for Disney confirms to EW that the studio is now developing an adaptation of Judith Viorst’s classic picture book. Previously, the project was being overseen by 20th Century Fox.

The story, first published in 1972, follows ginger-haired Alexander, a five-year-old who trips on a skateboard when he’s getting out of bed one morning — and things only get worse from there. Two sequels followed: Alexander, Who Used to Be Rich Last Sunday and Alexander, Who’s Not (Do You Hear Me? I Mean It!) Going to Move.

The first book has been adapted a few times already — as a half-hour animated musical that aired on HBO in 1990, and as a stage musical written by Viorst herself. But this new treatment is especially exciting, due to the talent involved — Lisa Cholodenko of The Kids Are All Right fame is directing her own screenplay (written with Rob Lieber), and Steve Carell is attached to star as Alexander’s dad. No word yet on whether the movie ends with the whole family moving to Australia.

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