The dark drama is about the damaging effects an online sexual predator has on a family. Millennium Films will produce and finance.
Schwimmer wrote the story for the drama with Andy Bellin on the script.
Owen and Keener will play the parents of a 14-year-old girl who discover she has been victimized by an adult who gained her trust posing as a teenager in a chat room. Liana Liberato will play the daughter.
This is Schwimmer's second feature as director following 2007's Run, Fatboy, Run.
Shooting begins Nov. 9 in Michigan.
Nu Image will distribute the film worldwide.