Its been revealed that a CGI/live-action hybrid , similar to the Alvin and the Chipmunks, Stuart Little and Smurfs movies, of the animated Disney film is now in the works.

Based on a children's tale by science-fiction author Thomas M. Disch, The Brave Little Toaster is an animated family that tells the story of a gang of household appliances including a toaster, lamp, vacuum cleaner and electric blanket who set off for the big city to find their young master after he thoughtlessly leaves them in his summer cabin.

According to Waterman Entertainment CEO Tucker Waterman, the company has purchased the rights to the property as part of their new development initiative "to acquire, option and develop well-recognized family properties and brands that adhere to specific elements that we deem suitable to create CGI/live action hybrid films with potential for licensing and merchandising.

He went on to say the story will be modernized to reflect the times, particularly the appliances themselves which may now include an Apple iPhone.

"The company has the opportunity to update the classic property, utilizing CG animation beyond what was technologically possible when [Pixar's John Lassiter] pitched the project."

The Brave Little Toaster, originally released in 1987, is still on Amazon's Top 100 kids and family movie sales list.