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Her fledging company has picked the children's book series to be potential movie franchise.
The actress and husband Jim Toth reportedly have told friends and family but they make no plan to make the announcement public.
Joining Beyonce and Reese in the 'Glee' creator's high profile musical musical project are such A-listers as Gwyneth Paltrow, Cameron Diaz and Andy Samberg.
Witherspoon looks gorgeous in a black and tourmaline green sequined mini dress, while her two male co-stars ooze masculinity in their dapper suits on the red carpet at the Odeon Kensington Cinema.
The sneak peek to the Megaforce-directed music video sees Madge, Nicki Minaj and M.I.A. channeling their inner cheerleaders.
The snippet shows Pine asking for a help from his friend to guide him while he talks about paintings to Witherspoon, before suddenly Tom Hardy crashes the plan.
Following the R rating given to the film by the Classification and Rating Appeals Board, 20th Century Fox moves fast to readjust the film in order to secure the less-restrictive rating.
The 2012 Razzies Awards, which will be held to dis-honor Worst Achievements in Film for 2011, has been rescheduled to reveal its nominees on Oscars' eve and announce the winners on April 1.
The 'Moneyball' actor gives an update on the recovery of his knee when hitting the red carpet at the 23rd Annual Producers' Guild Awards with longtime partner Angelina Jolie.
Witherspoon and Reynolds have been tapped to star as Margaret and Walter Keane in the Tim Burton-produced biopic about the sensational painters who were famous for their 'pop-eyed' paintings.
Florence Welch, Wanda Jackson, Sharon Jones, The Dap-Kings and Nas will take part in the special segment to salute the 'Back to Black' hitmaker.
The 'Walk the Line' actress is set to play Pam Hobbs, the mother of one of the victims in the1994 infamous wrongful conviction case of the West Memphis Three.
The 'American Idol' host is set to make his film producing debut with the 'Walk the Line' actress and has tapped 'Grey's Anatomy' scribe to serve as the screenwriter for his project.
Honoring the former 'Friends' star at ELLE's 18th Annual Women in Hollywood Tribute, the 'Water for Elephants' actress praises her pal's sex appeal and complete lovability.
Also presenting plenty of action-packed scenes, the promo video centers on Witherspoon's Lauren who is pursued by two best friends, played by Hardy and Pine, who work as secret agents.