Initially a Canadian series that became a hit internationally (in the U.S. it played on HBO), Rock told the adventures of a group of cave-dwelling puppet creatures called Fraggles. In their lives are a race of small industrious creatures named Doozers, who live in the caves, and the Gorgs, furry giants who look at Fraggles as nuisances.

A feature has long been in the works at other companies with the property being set up at New Regency in 2011.

The Jim Henson Co. and the Montecito Picture Co. are producing.

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Manugian is a former Cartoon Network executive who did some voicework on Rango.

Together they wrote the spec Fleeced, a sort of Ocean's 11 meets Jason and the Argonauts, which is set up at Disney.

The duo is repped by Eric Robinson and Eddie Gamarra of The Gotham Group. Byrkit is additionally repped by Gersh.