20th Century Fox is reportedly planning to adapt the children's TV show for the big screen

A new film version of Sesame Street is reportedly in development.

According to The Hollywood Reporter, 20th Century Fox has acquired the film rights to the educational children’s TV show and recruited Joey Mazzarino – a writer on the series since 1990 – to pen the script.

Shawn Levy, director of Night at the Museum, is said to be producing the film alongside Michael Aguilar, Mark Gordon and Guymon Casady.

Sesame Street first aired in 1969 and is home to several iconic Muppets created by Jim Henson, including Big Bird, Bert and Ernie, Oscar the Grouch, Cookie Monster and Elmo.

It has won 118 Emmy Awards and eight Grammy Awards and now airs in more than 140 countries.

The show has spawned two previous film spin-offs – 1985’s Sesame Street Presents Follow That Bird featured John Candy and Chevy Chase alongside the show’s best-known Muppet characters. The Adventures of Elmo in Grouchland followed in 1999 and starred Ugly Betty‘s Vanessa Williams.

Last year, Walt Disney Pictures released the first Muppets film in 12 years. The Muppets grossed $158 million worldwide and won Bret McKenzie of Flight of the Conchords an Oscar for his original song ‘Man Or Muppet’.

20th Century Fox has yet to comment on the reported Sesame Street movie.