Lionsgate and Hasbro have teamed up to make the popular board game “Monopoly” into a movie, signing on Andrew Niccol (The Truman Show) to write the screenplay.

“Andrew Niccol is the ultimate world creator responsible for such disparate and imaginative films as ‘The Truman Show,’ ‘Gattaca’ and ‘The Terminal,’” Lionsgate Motion Picture Group co-president Erik Feig said. “He is an inspired choice to develop this timeless property into a big, crowd-pleasing event film that will appeal to kids, families and anyone who has ever played the Monopoly game.”

Lionsgate and Hasbro Allspark Pictures are producing with Lionsgate financing the movie which will be about a young boy from Baltic Avenue and his ambition to make a fortune are producing the film.

Hasbro previously attempted to produce the Monopoly movie in 2009 with and with Emmett/Furla with Ridley Scott as produced in 2013, but did not proceed past the development stage.

Now, Lionsgate co-president of production Bobby Cohen and creative executive Kyle Benn will be overseeing production on the Monopoly movie for the studio.

With Monopoly having been played by more than 1 billion people in 114 countries around the world and has been translated into 47 different languages after the original game’s release in 1903, originally called “The Landlord’s Game,” it’s expected to be a widely popular film.

However, Hasbro is currently in post-production on a live-action version of “Jem and the Holograms” and “Ouija 2;” while Lionsgate is focusing on the young adult franchises, The Hunger Games” and “Divergent.”

Therefore, no set release date has been announced yet.