The Walt Disney Co. is waving the green flag for "Hover Car Racer," acquiring feature film rights to Australian scribe Matthew Riley's forthcoming book for "Smallville" creators and executive producers Alfred Gough and Miles Millar to produce. While the writers have worked in features and television, where they have served as showrunners, the Disney deal represents their move into producing as well as writing big-screen projects. Described as a cross between the "Harry Potter" films and "Top Gun," "Racer" is set in the not-too-distant future, when hover car racing is the most popular sport in the world.

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