Rocky Morton and Annabel Jankel directed the 1993 live-action Super Mario Bros. film starring Bob Hoskins, John Leguizamo, and Dennis Hopper.
The Buzzfeed website had reported in 2014 that Nintendo was in talks with Sony Pictures for film rights to the Super Mario Bros. franchise.
Both Nintendo and Universal Pictures are funding the project, and Universal Pictures will distribute the film worldwide.
Nintendo is already collaborating with Universal Studios to produce Nintendo attractions for its Universal Studios Japan, Universal Orlando Resort, and Universal Studios Hollywood theme parks.