Wilmer Valderrama and his producing partner Danny Villa have inked a first-look deal with American Idol producer FremantleMedia North America to develop scripted and unscripted projects which Valderrama will exec-produce and perhaps star in. Valderrama, who currently hosts and produces Yo Momma and voices Handy Manny, is still attached to play Ponch in a big-screen CHiPs remake.