DreamWorks and Paramount Pictures have acquired the movie rights for the Transformers, Hasbro's toy line of giant robots that morph into cars, trucks, planes, ships and other technological creations. Angry Films topper Don Murphy and Tom DeSanto, who exec produced the two "X-Men" films, are producing the live-action feature, along with Lorenzo di Bonaventura. Paramount is taking international distribution rights, while DreamWorks will handle domestic.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.