Super Mario Bros. already received an infamous Hollywood adaptation in 1993 that was panned by the critics and bombed at the box office.
The deal comes after years of Nintendo being unwilling to pull the trigger on licensing their sacred property for the use of a major motion picture.
Illumination Entertainment is a well known animation studio, best known for their mid-budget, charming animated films that manage to make money off their high concepts.
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Nintendo is hesitant to make trade deals after several awful third-party video games almost destroyed them in the 90s. Nintendo's creative guru, Shigeru Miyamoto, who created Mario Bros., has been part of the talks and likely will be a producer on the movie, along with [Illumination head] Mr. [Chris] Meledandri, this person said. The live-action film starred Bob Hoskins as Mario (Tom Hanks was originally signed on, but the studio felt Hoskins was more bankable), John Leguizamo as Luigi and Dennis Hopper as King Koopa. With the Despicable Me and Minions films being pretty good, there is hope that this Mario film might turn out rather well.
Both Illumination Entertainment and Nintendo declined comment on this story. Their films include such successful fare as Despicable Me, Minions, The Secret Life of Pets, and Sing.
The deal would give Illumination the option to make multiple Mario movies, but for now the intention is to focus on one feature rather than ambitiously plan out a whole series.