Lionsgate has teamed up Hasbro to start development on the film.
Lionsgate has teamed with Hasbro to develop a Monopoly movie.
An adaptation has been in the works for a while, with Gladiator's Ridley Scott previously linked to the project, but the studio has confirmed that The Truman Show scriptwriter Andrew Niccol will now pen the script for Monopoly.
The film will centre on a boy from Baltic Avenue who uses both Chance and Community in a quest to make his fortune.
'It's about making your own luck, what makes you truly rich and, of course, avoiding jail time', read a statement from the firm.
"Hasbro is a partner with incredible global reach, one of the most compelling brand portfolios in the world, and a signature brand in Monopoly that has multigenerational appeal," said Lionsgate Motion Picture Group co-president Erik Feig.
"Andrew Niccol is the ultimate world creator responsible for such disparate and imaginative films as The Truman Show, Gattaca, and The Terminal. 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."
Stephen Davis, executive vice president and chief content officer of Hasbro, added: "As we've seen with our other movies and television series, Hasbro's brands are terrific for creating engaging stories and appealing characters that speak to audiences of all ages, and together with Lionsgate we will bring Monopoly to life on the big screen.
"Monopoly is one of the most popular games of all time, and it will translate into a film with tremendous global appeal and marketability based on a script being deftly written by the remarkable Andrew Niccol.
