M. Night Shyamalan has signed on to write, direct and produce the live-action adventure, Avatar: The Last Airbender for Paramount Pictures, MTV Films and Nick Movies.

Nick wants to turn the film into a three-picture series with Shyamalan's continuing involvement. The film marks the first time Shyamalan will direct material he didn't create; the Nickelodeon series is from Michael DiMartino and Bryan Konietzko. The Hollywood Reporter says Avatar is set in a world balanced on four nations - Water, Earth, Fire and Air; in each society, there are masters who can manipulate their native elements - Waterbenders, Earthbenders, Firebenders and Airbenders - while the one person who can master all four is the Avatar.

When the current Avatar, a 12-year-old boy still learning to master his powers, seemingly dies, the Fire nation launches a war for global domination. One hundred years later, two teens discover and free the Avatar and his flying bison from suspended animation, and he must fight to restore harmony among the four nations.

No production schedule has been set for Avatar: The Last Airbender.