Channing Tatum and Joseph Gordon-Levitt will star in an untitled musical comedy for Universal.

The studio outbid rivals in acquiring an untitled pitch for the project, based on an original idea from Michael Bacall and Gordon-Levitt. Bacall will write the screenplay.

Marc Platt and Adam Siegel will produce for Marc Platt Productions alongside Tatum, Reid Carolin and Peter Kiernan for their Free Association company and Gordon-Levitt for hitRECord Films.

Bacall wrote the screenplays for the “21 Jump Street” movies, which starred Tatum and Jonah Hill. Gordon-Levitt starred in Bacall’s first film, “Manic.”

Tatum most recently starred in Quentin Tarantino’s “The Hateful Eight” and in Universal-Working Title’s “Hail, Caesar!” He is in pre-production on Fox’s “Gambit.”

Gordon-Levitt most recently starred in “The Night Before” and will be seen in May in Open Road’s “Snowden,” directed by Oliver Stone. He’s developing “Fraggle Rock” at New Regency and “In Sight” at Universal, alongside Craig Zadan and Neil Meron.

Platt has been based at Universal for more than a decade. He is a producer on “Bridge of Spies” and the Broadway hit musical “Wicked.”

Kristin Lowe will oversee the project for Universal.

Bacall is represented by CAA and Timaeus Group. Tatum is represented by UTA, Management 360 and Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush & Kaller.

The news was first reported by the Hollywood Reporter.