What's next for Lisa Cholodenko?

Adapting a popular children's book, according to Variety:

On the heels of earning an Oscar nom for co-writing The Kids Are All Right, Lisa Cholodenko is in negotiations to direct a live-action adaptation of the children's picture book Alexander and the Terrible, Horrible, No Good, Very Bad Day for 20th Century Fox.

Fox could not be reached for comment.

Shawn Levy's 21 Laps banner is producing the high-concept family comedy with the Jim Henson Company. Levy and Dan Levine will produce for 21 Laps, while Lisa Henson and Jason Lust will produce for Henson Co.

Story follows a young boy who endures a frustrating day that begins with him waking up to find gum in his hair and ends with him threatening to move to Australia. Other characters include Alexander's two older brothers and their parents.

Rob Lieber is adapting Judith Viorst's book, which has never been made into a feature, though it did serve as the basis for a half-hour animated musical that aired on HBO in 1990. First published in 1972 by Atheneum, the book has won numerous awards in addition to selling more than 4 million copies worldwide.

There are two other titles in the Alexander series, so it's possible the pic could blossom into a successful franchise along the lines of Fox's Diary of a Wimpy Kid series.

Since The Kids Are All Right earned a best picture nomination, Cholodenko has been biding her time waiting for the right movie offer to come along. On the TV side, she's been developing a show for HBO.