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Wizards of the Coast confirms Magic: The Gathering movie franchise.

LOS ANGELES, Calif. & PAWTUCKET, R.I. January 14, 2014 — Twentieth Century Fox and Hasbro, Inc. (NASDAQ: HAS) have joined forces to make a series of films based upon Hasbro’s Wizards of the Coast’s fantasy-adventure property, MAGIC: THE GATHERING. Simon Kinberg (X-Men: Days of Future Past), whose Genre Films banner is based on the Fox Lot, will serve as the franchise’s creative steward and produce in close partnership with Hasbro.

The announcement was made today by TCF production president Emma Watts, and Stephen Davis, president of Hasbro Studios.

Hasbro President & CEO Brian Goldner, Stephen Davis and Wizards of the Coast President Greg Leeds will produce the franchise together with Genre Films execs Aditya Sood and Josh Feldman. Fox creative executives Kira Goldberg and Ryan Jones and Hasbro Studios’ executive Daniel Persitz were integral in making the deal and will be overseeing development of the films.

The information about the release of the new movie franchise was released this week on the WOTC website. Hollywood insider also reported the news earlier.