Lost creator Jj Abrams is set to begin work on a biopic on disgraced cyclist Lance Armstrong, with Paramount and Bad Robot Productions (which is owned by Abrams) snapping up the rights to an upcoming biopic on the cyclist's life by New York Post journalist Juliet Macur.

Macur's book, Cycle of Lies: The Fall of Lance Armstrong, has been in the works since last November when publishing house HarperCollins signed up the writer/journalist, who has covered the meteoric rise and catastrophic fall of Armstrong over the past decade, giving her a six-figure advance on the book. Yesterday (Jan 18), a spokesperson for the two studios unveiled the purchase of the rights to the book, although no news on who is to star, direct or write the film adaption came with the announcement. No details into when filming will comence have been issued either, although Macur's book will be published this June.

Armstrong has recently appeared in a tell-all interview with Oprah Winfrey, which aired on her OWN network earlier this week. In it he admitted for the first time to using performance enhancing drugs following last years revelation. Earlier this year, The International Olympic Committee stripped Armstrong of his 2000 bronze medal, although he has yet to hand back any of his seven Tour de France titles.