By Samantha Highfill
Updated October 09, 2014 at 06:59 PM EDT

New Regency and Walden Media have partnered to develop Santa Is Real, a musical family film directed by Perks of Being a Wallflower‘s Stephen Chbosky and written by Little Fockers‘ Larry Stuckey.

The film, which is based on the upcoming book, Santa Claus Is For Real: A True Christmas Fable About the Magic of Believing from Charles E. Hall and Bret Witter, follows Charles Hall, the man who plays Santa in Radio City’s Christmas Spectacular. Hall took the job as a struggling actor, but according to a press release, “the role ended up saving his life.” And as a result, the show also saved Radio City.

No additional news has been announced at this time.