Simon Kinberg, the studio's steward of the X-Men franchise, is producing.

Launched in the early 1980s, New Mutants, created by Chris Claremont and Bob McLeod, was the first X-Men comic spinoff.

The movie will focus on the angst-driven adventures of a diverse group of teens that include Native American Danielle Moonstar, Scots girl Wolfsbane, Brazilian ladies man Sunspot, a Kentuckian code-named Cannonball, and Russian teen Magik. Also in the mix will be an alien named Warlock.

Boone, a lifelong fan of the comics and the Claremont-penned comics, and Knate Gwaltney wrote the initial draft and story.

While Neustadter and Weber are known for their hit takes on teen-oriented material, their upcoming work expands their repertoire.

They wrote The Masterpiece (formerly known as The Disaster Artist), a New Line upcoming fall comedy directed by James Franco who also stars alongside Dave Franco and Seth Rogen. The movie is a look at the making of what is considered to be one of the worst movies of all time, The Room.

The two recently adapted Our Souls at Night, a love story set up at Netflix that has Robert Redford and Jane Fonda attached to star.

Neustadter and Weber are repped by CAA, Kaplan/Perrone Entertainment and attorney Sean Marks.