This should startle nobody.
Illumination Entertainment’s Chris Meledandri, and Audrey Geisel will ... begin developing a 3D CG-animated feature based on The Cat in the Hat. Rob Lieber has just been set to write the script. Meledandri will produce and Geisel will be executive producer. ...
Meledandri has overseen Horton, The Lorax, and now The Cat in the Hat. Illumination Entertainment knows when it's on to a good thing.
Added to which, IE doesn't spend $100 million in development costs! Doesn't have a large bureaucracy! What are they thinking!?