A movie about the less-than-spectacular career of disgraced pop duo Milli Vanilli is set to be produced.

Universal Pictures is developing the movie about the lip-synching combo, who lost their coveted Grammy for best new artist in 1990 when it emerged that they had never sung on their records, Hollywood trade paper Daily Variety reports.

The project will be written and directed by Jeff Nathanson, who previously wrote the Leonardo DiCaprio crime caper Catch Me If You Can.

He has secured the cooperation of Milli Vanilli alumnus Fabrice Morvan, who has been pursuing a comeback for years, as well as the estate of his colleague, Rob Pilatus, who died of a drug overdose in 1998.

“I’ve always been fascinated by the notion of fakes and frauds, and in this case, you had guys who pulled off the ultimate con, selling 30 million singles and 11 million albums and then becoming the biggest laughing-stocks of pop entertainment,” the paper quoted Nathanson as saying.

PS…this is the coolest news I’ve heard in ages.  Rock on!