Margot Robbie is producing a new Monopoly movie.

The Barbie star's LuckyChap Entertainment company and her partners Tom Ackerley and Josey McNamara will produce the live-action picture based on the popular board game.

Monopoly's backers Hasbro Entertainment are also producing the Lionsgate film — which has been in development for more than a decade.

It is hoped that Margot and LuckyChap will be able to replicate the billion-dollar box office success of Barbie with the Monopoly picture, although it remains to be seen how they will form a narrative story related to the property-acquiring board game.

Lionsgate movie boss Adam Fogelson suggested that LuckyChap has a "clear point of view" on the flick but did not offer any further details.

He said at CinemaCon: "I could not imagine a better production team for this beloved and iconic brand than LuckyChap.

"They are exceptional producers who choose their projects with great thought and care, and join Monopoly with a clear point of view. We are tremendously excited to be working with the entire LuckyChap team on what we all believe can be their next blockbuster."