According to The Hollywood Reporter:
Sony Pictures Animation has closed a deal to acquire rights to the classic 1980s sitcom ALF and will develop the property into a hybrid CG/live action feature.
Jordan Kerner, who produced SPA’s adaptation of 1980s Saturday morning cartoon staple The Smurfs and helped turn it into a hybrid blockbuster franchise, will produce the project with show creators Tom Patchett, a veteran of 1970s comedies, and puppeteer Paul Fusco.
ALF stands for alien life form, and the '80s sitcom centered on a friendly furry alien creature (a puppet) who crash landed on Earth and took up with the Tanners, a suburban family. The show aired 1986-90