Mattel announced it’s working on a new live-action movie with “Wicked” director Jon M. Chu that will be all about Hot Wheels.

Crazy Rich Asians and Wicked director Jon M. Chu is set to helm the live-action Hot Wheels feature, the big screen take on Mattel's iconic toy cars for Warner Bros. The screenwriting duo of Juel Taylor and Tony Rettenmaier will pen the script,

Hoping to recapture the popularity of the Barbie movie that grossed over $1.44 billion worldwide, toy maker Mattel has announced that Wicked ’s Jon M. Chu will direct its upcoming live-action Hot Wheels movie, with Juel Taylor and Tony Rettenmaier, whose credits include Creed II and They Cloned Tyrone, writing the script.