Brian Dannelly will direct and write the script with Michael Urban.
Black comedy about sex, love and stalking, to be published next year by St. Martin's Press, is set in the contemporary Gotham art scene.
The buy marks the third project for Single Cell and Dannelly and Urban, who are nearly done writing Runner-Up, a comedy about a beauty pageant contestant who fulfills a community-service obligation by organizing a pageant at a woman's prison.
Single Cell's Stipe and Stern will give UA first crack at the script, which Dannelly will direct as his next film. It is expected to carry a higher budget than Saved!, a $5 million film that starred Macaulay Culkin and Mandy Moore and grossed around $9 million. Stipe and Stern also are in early talks to turn Saved! into a TV series and a Broadway musical.