Legendary Entertainment and Scholastic Entertainment are developing a live-action feature film based on The Magic School Bus book series. Multiple outlets report that Elizabeth Banks is set to play Ms. Frizzle and also produce the project. Rob Letterman, known for directing Detective Pikachu, is signed on to write the treatment and direct the movie. The project is described as returning to motion after years in development. Variety and other reports say Legendary acquired the rights after Universal previously optioned the property, with the initial option occurring in June 2020. Deadline also frames the deal as landing at Legendary, while the Hollywood Reporter confirms the project is in development at Legendary with Banks attached in the starring role and Letterman directing. No release date or casting beyond Banks and no additional creative details are provided in the combined coverage. The film remains in the early development stage, with the cited agreements focused on securing rights, assigning key creative leadership, and establishing the lead role for Banks as the school’s teacher.