In a seven-figure preemptive deal, Sony Pictures is collaborating with Ryan Murphy on One Hit Wonders, a musical comedy pitch that will be written as a star vehicle for Gwyneth Paltrow, Reese Witherspoon, Cameron Diaz, Beyonce and Andy Samberg.

Murphy is attached to direct, and he will write the script with his Glee cohorts Brad Falchuk and Ian Brennan. Murphy will produce with Paltrow (who has practically become a Glee cast member) and the latter makes her debut as a producer on this film. Murphy hopes to direct it after he completes The Normal Heart.

Paltrow, Witherspoon and Diaz will play three singers who each scored a top hit song in the 1990s before watching their careers go down the drain. They decide to form a super group. Samberg and his Lonely Island cohorts will be involved in generating music for the film, I’m told. The project came out of a dinner Murphy had at the Soho House with Paltrow, Diaz and Witherspoon. They wanted to do something fun together and kicked around ideas until they settled on One Hit Wonders. Murphy, who made Eat Pray Love with Sony Pictures chief Amy Pascal, took the pitch to her. Pascal bought it 10 minutes in. They are working the deals right now. Murphy previously made a big deal with Sony for a follow-up picture he’ll direct with Julia Roberts starring. Sony’s Elizabeth Cantillon and Hannah Minghella will steer the project.

UPDATE: Beyonce’s camp says that she isn’t attached to One Hit Wonders, so perhaps this was a bit of over-exuberance on the part of the filmmakers. Still a crazy good cast if you ask me.

- Deadline.com