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.

Jon M. Chu is set to direct a live-action 'Hot Wheels' movie for Mattel, Warner Bros. and Bad Robot, Deadline can exclusively reveal.

The "Wicked" director says he aims to "create an adventure that honors Hot Wheels’ legacy while driving it somewhere entirely new.”Jon M. Chu is getting into the fast lane. The Wicked and Crazy Rich Asians director has teamed up with Mattel and Warner Bros.