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.

Juel Taylor and Tony Rettenmaier will pen the script for the live-action feature take of the iconic racing toy brand.

The "Wicked" director says he aims to "create an adventure that honors Hot Wheels’ legacy while driving it somewhere entirely new.”