Monopoly has been played by more than a billion people in 114 different countries. PHOTO: GEEKTYRANT
The project, which has Hasbro toy company on board, has also roped in screenwriter Andrew Niccol, known for movies that include The Truman Show, Gattaca and The Terminal, Efe news agency reported.
Read: 'Harry Potter' theme park set to open in Hollywood
"Andrew Niccol is the ultimate world creator, responsible for such disparate and imaginative films," said Erik Feig, co-president of Lionsgate.
"He is an inspired choice to develop this timeless property into a big, crowd-pleasing film that will appeal to kids, families and anyone who has ever played the Monopoly game," he added.
For Stephen Davis, executive vice-president of Hasbro, Monopoly "is one of the most popular games of all time" and its film adaptation will have "tremendous global appeal".
The story will revolve around a child, who decides to make a fortune in the housing market, and set him up on an adventure full of fun and obstacles that will teach him the true meaning of being rich.
Read: Entourage enters Hollywood
According to Hasbro, Monopoly has been played by more than a billion people in 114 different countries and has been translated into 47 languages.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ