Stewart Hendler is directing the movie, which will be released in 2015 by Open Road Films
The announcement comes after Mattel closes $680 million acquistion of the company behind the lovable tank engine
Donna Douglas, a.k.a. Elly May Clampett, sued Mattel and CBS's consumer products division because of an Elly May Barbie doll
The toymaker expects to close a deal to acquire the maker of Thomas & Friends and Bob the Builder by 2012
Jury slaps toy giant with $3 million in damages, after it had sought $1 billion dollars from rival company
The Mattel toy property is in negotiations to be preemptively picked up by the studio.
View-Master, Monopoly, Ouija will follow "Tranformers," "G.I. Joe" to the big screen.