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’s ability to craft rich, elaborate worlds with a distinct point of view makes him the ideal storyteller to bring Hot Wheels to life,” Mattel Studios President and Chief Content Officer Robbie Brenner said in a statement shared with Deadline.

MANILA, Philippines — Director Jon M. Chu will go from Oz to the race track after being tapped by Warner Bros. Pictures to helm an upcoming live-action film adaptation of Mattel's popular Hot Wheels toys.