According to the folks over at The Hollywood Reporter, national treasure Kurt Russell has officially signed on to play Santa Claus in an as-yet-untitled Christmas movie for Netflix. The project, which was once going by the title 12/24, will mix live-action and CGI elements.

Here's how THR's describing the plot:

"The story centers on two siblings (played by Judah Lewis and Darby Camp) who try to prove that Santa is real by catching him on camera. When they accidentally cause his sleigh to crash in Chicago, they have to help get Christmas back on track before it's ruined. Russell is playing jolly ol’ Saint Nick."

Alright, that sounds like fairly standard Christmas fare, and it'll certainly be entertaining to see Russell strap on Santa's big-ass red suit, an iconic outfit which has also been donned over the years by actors such as Ed Asner, Jim Broadbent, and noted coke snitch Tim Allen.

Clay Kaytis, who co-directed the Angry Birds movie, is helming the picture, from a script by Matt Lieberman (whose animated Addams Family movie is currently in production at MGM). No release date's been set, but we'll keep you informed as the updates roll in.