New Delhi, July 7 -- Director Jon M. Chu has officially signed on to direct a live-action Hot Wheels movie, a major collaboration between Mattel and Warner Bros. Pictures.

The film will be based on the iconic toy car brand and is being developed by a powerhouse creative team.

The script will be written by Juel Taylor and Tony Rettenmaier, the duo known for their work on Creed II and They Cloned Tyrone. The film will be produced by JJ Abrams' Bad Robot, Chu's Electric Somewhere, and Mattel Studios.

Robbie Brenner, President and Chief Content Officer of Mattel Studios, will lead production along with Chu, Abrams, and Michael Bostic. Multiple executives from Warner Bros. Pictures, Mattel Studios, Bad Robot, and Electric Somewhere are also...