20th Century Fox has acquired the spec script The Three Misfortunes of Geppetto for Shawn Levy’s 21 Laps. Levy is attached to direct the script by Michael Vukadinovich. It’s a prequel to the story of Pinocchio, in which Geppetto endures a life of misfortune, war and adventure, all to be with Julia Moon, his true love. The sweep is reminiscent of Big Fish or The Princess Bride and it creates a fresh way into the Pinocchio story at a time when revisionist fairy tales are dominating the movie landscape. Warner Bros last year set up a live action Pinocchio film that has the interest of Tim Burton. 21 Laps execs Dan Cohen and Billy Rosenberg brought in the script.