Diablo Cody, the Academy Award-winning screenwriter of Juno, is slated to adapt and produce "Sweet Valley High" for the big screen.

According to Variety, the popular YA series by Francine Pascal has already spawned 150 books and 88 television show episodes in the late 1990s. Cody struck her deal with Universal after the studio won a bidding battle with Fox.

Here's more from the article: "[Universal put out the word last week that it's not spending money for the rest of this year to advance development projects -- unless they're being fast-tracked or greenlit. Deal comes on the heels of a tepid opening for "Jennifer's Body," which Cody scripted."