The movie directed by Jake Kasdan and written by Kate Angelo, will see Segel and Diaz play a couple who take a night off from their kids and spice up their marriage by making a sex tape, which is apparently missing the next day, prompting a frantic search, reported Aceshowbiz.
"Shark Tale" voice actor Black will take on a role as the CEO of a major porn company.
Todd Black, Jason Blumenthal and Steve Tisch will produce the comedy, which also stars Rob Corddry as a friend of the couple. Production is scheduled to start in the fall, before Diaz films "Annie" in which she stars as Miss Hannigan.