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I can't find the thread for this so sorry if it's a double.
http://nymag.com/daily/entertainment/2012/02/brad-bird-here-there-be-monsters-zemeckis.html
http://nymag.com/daily/entertainment/2012/02/brad-bird-here-there-be-monsters-zemeckis.html
Brad Bird Considering Taking Over Robert Zemeckiss Abandoned Sea Monster Movie
Last November, it was revealed that director Robert Zemeckis had ended his flirtation with Brian Helgelands American history and monster mash-up Here There Be Monsters, which pitted American Revolutionary War hero John Paul Jones against various tentacled monsters of the deep, and little more was heard about the project. But now insiders tell Vulture that the project may have signs of life, as Mission: Impossible Ghost Protocol director Brad Bird is meeting with Legendary brass about the project, which originated as an idea by company chairman Thomas Tull.
Theres no deal in place yet for Bird, but our interest is piqued by the story: The Helgeland-fashioned script had Jones wrongly stripped of his British naval commission and hired by a shipping magnate to investigate the disappearance of his merchant ships in the North Atlantic. Soon enough, Jones and his crew suspect that it's the handiwork of a sea monster and have to fight to survive it. Giant squid, call your agent!