A couple months ago, 1970s kid show creators Sid and Marty Krofft said that they were on the verge of making big screen movie deals for Sigmund and the Sea Monsters and H.R. Pufnstuf. Their plans are moving forward.

This week, news broke that Universal Studios has made a deal with the Kroffts for a live-action Sigmund movie. According to Variety, the Krofft brothers will produce the picture along with Jimmy Miller and his Mosaic company. This will be the second Krofft deal for Universal and Mosaic. Production recently wrapped on a $100 million comedy version of the Kroffts’ Land of the Lost starring Will Ferrell.

Julie Darmody will serve as executive producer on Sigmund and the script is being written by Dana Gould, a writer and producer on The Simpsons series.

Though few details are available, Sony is reportedly developing the H.R. Pufnstuf movie. It may be directed by Conrad Vernon. Veron has directed the upcoming Monsters vs. Aliens, Shrek 2, and other animated projects. He’s also provided the voice for Shrek’s Gingerbread Man and other characters.

The Krofft brothers have hopes of developing their other cult-favorite properties like Electra Woman and Dyna Girl, The Bugaloos, Dr. Shrinker, Bigfoot and Wildboy, and Wonderbug.

Over the years, the brothers had many opportunities to sell their characters but refused all offers — even one from Michael Jackson. Marty Krofft attributes this in part to advice given to him by Walt Disney during a chance encounter in 1959. Disney told him, “The one thing to remember is don’t ever sell anything you create and always put your name above the title, whatever you do. They’ll fight you off from doing it, but stick to it.” Good advice that’s apparently really starting to pay off. Stay tuned!