Looks like Rick Riordan is about to get extremely rich. Couldn't happen to a nicer guy. (Hat tip to Lee Goldberg for the link.)
IGN: Columbus Catches Lightning: "Harry Potter veteran Chris Columbus is looking to direct and produce The Lightning Thief for Fox 2000. The pic is based on the fantasy book series by Rick Riordan, specifically the first entry, Percy Jackson and the Olympians.
According to The Hollywood Reporter, 'Thief centers on a young boy who discovers that he is the descendant of a Greek god and sets out -- with the help of a satyr and a daughter of Athena -- on a dangerous adventure to settle an ongoing battle between the gods. Along the way, he faces a host of mythological enemies determined to stop him. He also must come to terms with a father he has never known and an oracle that has warned him of betrayal by a friend.'
Variety adds that Columbus' shingle 1492 Pictures is producing along with Maverick, while THR says that no screenwriter has been tapped yet to adapt the book."