The classic children’s tale will be made into a hybrid of live-action and CG animation.
Corden will be voicing the animated bunny role, and Byrne would also star in a live-action role.
Will Gluck (2014’s “Annie”) is directing and producing the film.
It will be a family-oriented comedy and a modern version of the classic Beatrix Potter story, centered around the rivalry between the mischievous Peter Rabbit and Mr. McGregor.
The film will feature an international cast of live-action and voice actors to position the project to appeal to a worldwide audience.
Zareh Nalbandian of Animal Logic Entertainment is also producing.
Sony’s Lauren Abrahams is overseeing the project for the studio.
Corden, who appeared in Disney’s 2014 movie musical “Into the Woods,” is the host of “The Late Late Show With James Corden.” He has voiced animated characters in films “Norm of the North” and DreamWorks’ upcoming “Trolls.”
Byrne is known for her roles in both the “Neighbors” and “X-Men” series as well as the hit 2011 comedy “Bridesmaids.”
Corden is repped by CAA as is Byrne.