According to Digital Spy, Depp will serve as a producer and take on an acting role. Wright will take the helm as the director. McKenzie will write the script.
Here’s more from The Hollywood Reporter: “Gaiman’s children’s book is described as ‘a story of time travel and breakfast cereal.’ It starts out with a father who goes to the store to buy some milk and returns with wild tales of aliens, space-time travel, pirates and more. The best-seller originally hit shelves Sept. 30, 2014, via HarperCollins.” (via MovieWeb)