01/31/2012 09:14 am ET

Natalie Portman Co-Producing ABC Soap Adaptation of 'Scruples'

Natalie Portman is entering the world of television, but as a producer, not an actress.

According to The Hollywood Reporter, the Oscar-winner is co-producing a soap opera that has been greenlit by ABC, based on the 1978 Judith Krantz novel "Scruples," about a widowed socialite who starts a Beverly Hills boutique. The book became a worldwide sensation, reaching the top of the best-seller chart in the United States and appearing in more than 20 different languages. Krantz's son Tony will be an executive producer on the show.

Portman has already produced a handful of films through her HandsomeCharlie shingle. She has starred in all but one of them thus far ("Hesher," starring Joseph Gordon-Levitt).

For more on the show, click over to The Hollywood Reporter.