Touted as a modern take on the classic fairy tale, the fantasy is told from the viewpoint of Beauty's fairy godmother, to be played by Angelina Jolie.
It will mark Stromberg's directing debut.
"Maleficent" is written by Linda Woolverton, who also wrote the script for Disney's "Beauty and the Beast" and co-wrote the script for "The Lion King." Don Hahn, Joe Roth and Richard D. Zanuck produce.
The "Maleficent" news comes following the announcement that Disney had tapped another first-time director, Brian Beletic, for a Matterhorn-ride-inspired movie referred to as the "Untitled Explorers Project."