John Lee Hancock is on board to direct the drama, said The Hollywood Reporter.
Written by Robert Siegel ('Big Fan'), 'The Founder' is a drama that tells the true story of how Ray Kroc, a salesman from Illinois, met Mac and Dick McDonald, who were running a burger operation in 1950s Southern California.
Kroc was impressed by the brothers' speedy system of making the food and saw franchise potential. He manoeuvred himself into a position to be able to pull the company from the brothers and create a billion-dollar empire.