Caught this news last Friday, but I've only just got around to posting it. DreamWorks Studios officially revealed that Scott Waugh is going to direct a feature film adaptation of Electronic Arts' Need for Speed.

Brothers George and John Gatins developed the original story with George writing the feature's screenplay. The screenplay is based on the game series, but is not based on an individual game. EA will produce along with John Gatins and Mark Sourian with the project being fast-tracked at DreamWorks. It has a target production start date for early next year, for a 2014 release.

"I'm excited about getting back into the creative trenches with John and George Gatins and my partners at EA to bring to life an exhilarating script based on an epic video game that seems to have been made for the movies," said Steven Spielberg, DreamWorks Chairman. "This is a big piece of business for DreamWorks and we are grateful to Frank Gibeau, Pat O'Brien, Kevin Maher and John and George for choosing us to deliver their goods."

"George, John and EA brought a very compelling story to us which we believe is going to make a fun, cool movie franchise," said Stacey Snider, CEO and Co-Chair of DreamWorks. "With such a large following around the globe, we're excited to make a film that does justice to the popular underlying video game series."

The movie is currently project for a 2014 release.

Via ComingSoon.net.