The Wachowski brothers are ready to begin shooting Warner Bros.' Speed Racer in May at Studio Babelsberg in Germany.

The film is of course, based on the classic 1960 Japanese Anime. Variety notes this is the second time the brothers are using the studio; they picked Babelsberg for V for Vendetta last year.

In addition to Speed Racer, Babelsberg was also used for another big Hollywood production - Universal's The Bourne Ultimatum from director Paul Greengrass; the film shot four days at the studio in January.

Speed Racer is set for a May 23, 2008 release.