LOS ANGELES (Variety.com) - Sony has bought a pitch from Mosaic as a starring vehicle for Will Ferrell.

Based on an original idea developed internally at Mosaic and currently untitled, the comedy centers around the intense, competitive world inside a Shakespearean theater company.

The screenplay will be written by David Guion and Michael Handelman. Michael De Luca and Jonathan Kadin are overseeing for Sony Pictures Entertainment.

Ferrell and Sony have had a run of good results with hits that include "Step Brothers," "The Other Guys" and "Talladega Nights: The Ballad of Ricky Bobby." The studio recently bought a buddy comedy pitch, "Border Guards," with Ferrell and John C. Reilly attached to star.

Ferrell is repped by CAA and Mosaic and can be seen next in "Get Hard."

Guion and Handelman have become two of Hollywood's go-to writers when it comes to comedies, with past credits including "The Internship," "The Watch," "Blades of Glory" and "Men in Black III."

Their next project "Night at the Museum: Secret of the Tomb" bows Dec. 19. They are repped by UTA.

Mosaic has also stayed busy on the development front with projects including Sony Animation project "Manimal" which Jay Martel and Ian Roberts as well "The Yank" which has Steven Pink and Jeff Morris penning for TriStar.