According to the report, the companies have been in negotiations for a year and the fact Universal (which finances and distributes Illumination's movie) has partnered with Nintendo for several theme parks was helpful.
According to industry heads, Illumination has been in talks with Nintendo for over a year. Representatives of both companies refused to comment on the story. The aforementioned Super Mario Bros., released in 1993, was a critical and commercial failure, although it did leave us with a truly magical cinematic moment. Reports also suggest Mario creator Shigeru Miyamoto is part of the talks, and may be a producer on the movie.
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Super Mario Bros. has previously been adapted as an anime movie, an anime miniseries, several American cartoons, and a live-action movie.
Looks like Mario and Luigi will be getting a second shot at the big screen very soon.
Illumination is one of the world's most successful animation studios, having made more than $3.7 billion from its four Despicable Me films, and enjoyed further success with The Secret Life of Pets in 2016. There's yet to be any official word from Nintendo or Illumination on the deal: Neither side is answering questions.