The Australian-owned animation and special effects studio Animal Logic Entertainment and Simon Cowell's Syco Entertainment are behind the animated film, reported Daily star.
"This is a perfect fit of complementary talents," Animal Logic Entertainment's boss Zareh Nalbandian said.
Cowell said in statement that the partnership would "develop music-based animated and hybrid films".
Bandmates Harry Styles, Niall Horan and Liam Payne, all 20, and Zayn Malik, 21, and Louis Tomlinson, 22, are already planning a second documentary movie, directed by Morgan Spurlock, following the monster success of their debut 'This Is Us'.