According to the Hollywood Reporter, Regency has picked up a pitch about two shipwrecked brothers called… Cutlass Island.  I hope they paid less than a dollar for it.

The story deals with a secret piece of legislation signed by Abraham Lincoln in 1863 called the Unique Lands and Species Act. The brothers uncover the mystery of the historic document and its lost world, Cutlass Island. The fantasy adventure is in the vein of "Harry Potter" and "Jurassic Park," with the boys swearing to protect the islands against those bent on destroying them.

Not surprisingly, Regency was also the studio responsible for Shutter, Jumper, and Meet the Spartans, and that’s why everyone who works there is going to burn in hell for all eternity. I’m reminded of the best SNL Weekend Update joke so far this year: “Hollywood estimates that the writer’s strike cost $2.5 billion in lost revenue – or in other words, ten movies about treasure.” 

A National Treasure ripoff from the studio who did Meet the Spartans… I’m speechless.