The news is in from the Hollywood Reporter -- "Six Degrees" creators/executive producers Stu Zicherman and Raven Metzner are penning the script for an hour long drama set at Warner Bros. TV based on the Bill Willingham-fueled Vertigo property. David Semel has come on board to direct the property which revolves around characters from fairy tales and folklore living in exile in modern-day New York.

"Their lives become interconnected in vary big way," Zicherman said. "They share a secret and a bond."

Zicherman and Metzner wouldn't elaborate which fairy tale characters will be featured in the TV series, but noted that Big Bad Wolf and Snow White, who are central to the comics, will have a similar role on the show.

"We set up a structure to allow any fairy tale character to show up in any one episode," Metzner said.

The fairy tale characters will keep some of their trademark characteristics. For instance, Prince Charming will be handsome, while Big Bad Wolf will have to shave a four-day shadow from growing back every day.

But overall, "they are just like real people in the real world who live and breathe and look just like you and me," Metzner said.

WMA-repped Zicherman and Metzner, who met in college, have been a writing team for the past 10 years.

Semel, repped by UTA and 3 Arts, has directed the pilots for such series as "Heroes," "My Own Worst Enemy," "Life" and "The Cleaner."

No casting information or network debut dates have been announced.