Way back in 2006 we reported that Universal was setting up a film based off the Magic 8 Ball toy. Now it seems the film is actually happening, but at another studio. Vulture is reporting that Paramount is setting up the Magic 8 Ball film.

The initial 2006 report stated that Tom Shadyac was developing the project, but he's no longer involved and Paramount has picked up the project, with Brad Weston on board as a producer with Jon Gunn and John Mann (My Date With Drew) writing the script. Here's an excerpt from the article which describes the studio's plans.

The Paramount plan, we hear, is to turn Magic 8 Ball into a sort of live-action National Treasure-style action-adventure movie.

We'll be sure to keep you posted on any developments surrounding the Magic 8 Ball movie as soon as we have more information.