In a bid to shore up their developmental portfolio, MGM are in the final stages of negotiations for Maria Maggenti’s adaptation of non-fiction book ‘One Red Paper Clip’ by Kyle MacDonald. Maggenti is best known for penning both Fox 200’s ‘Mote Carlo’ which stars Selena Gomez and Lionsgate’s Kenny Ortega helmed remake of ‘Dirty Dancing’. Maggenti is in demand at the moment and is held in high regard by Fox 2000 and is already signed on to write a further two pictures for the studio. She has also recently sold gumshoe dramedy ‘Park and Lex’ to ABC.

One Red Paper Clip is based on the true story of a man who wins a woman’s heart by trading his red paper clip for various bigger and better items until he finally trades for a house for the couple to live in.

This is still very much a developmental project and no official deal for ‘Paper Clip’ has been agreed.