Per Variety's Justin Kroll, James and his production company, SpringHill Entertainment, will produce an untitled movie based on the 2009 book Shooting Stars about his life and experience in youth basketball.
Buzz Bissinger, best known for writing the book Friday Night Lights, wrote about James' time playing youth basketball and reaching a national championship tournament in seventh grade.
The film will be directed by Chris Robinson, who has helmed music videos for Jay-Z and the 2005 movie ATL. There isn't a release date scheduled for the project.
James is set to start filming Space Jam 2 following the 2018-19 NBA season. He's also going to be producing a reboot of Friday the 13th and a remake of House Party.