Geisler and Roberdeau produced the 1998 World War II drama "The Thin Red Line."
The Arizona Republican and 2000 presidential candidate said he chose the producers in part because their fathers were in the military.
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Roberdeau said he was compelled by McCain's experiences as a prisoner of war in North Vietnam at a time when his father, Adm. Jack McCain, was assuming command of U.S. forces in the Pacific.
Roberdeau said the film isn't ready to be cast, but he envisions Edward Norton Jr. as McCain and perhaps Robert Duvall as his father. "We intend to populate this story with the best of the best," he said.
McCain has no contractual control over the film's content, but Roberdeau said he'd welcome his input.
"He's written a terribly honest memoir, and we would be foolish not to use the resources he could make available to us," Roberdeau said.
McCain plans to donate his share of the proceeds to charity, as he has done with royalties from his book.