According to reports, Universal Studios has picked up the Seth MacFarlane project, ‘Ted’. The film is an R-rated comedy, and will be MacFarlane’s debut directing on the big screen. The film has a budget of $65 million, and focuses on “a man and his teddy bear.” The feature will mix live action and CG. MacFarlane will also co-star and provide the voice for the CG-generated title character. MacFarlane wrote the script with Family Guy writers Alec Sulkin and Wellesley Wild.