MTV Films is bringing the YouTube phenomenon Million Dollar Strong to the bigscreen, with Todd Phillips aboard to produce.

Mike O'Connell and Ken Jeong, who star as the duo Million Dollar Strong in the satirical musicvid What's It Gonna Be? -- a favorite on YouTube and Will Ferrell's -- are set to star in the MTV comedy. O'Connell is penning the screenplay with Peter Kline.

According to Variety, the story revolves around the meteoric rise of a delusional rapper (O'Connell) and his Asian foreign exchange student friend (Jeong) as they take on the hip-hop world.

Clay Allen helmed the viral video, but no director is attached yet for the film version.