Dragon’s Lair will also mark the third film surrounding video games after the box office hit Detective Pikachu and the upcoming Free Guy, which is currently still slated for a July 3 release.
After doubling their budget and nearly a year’s worth of negotiation, Netflix has picked up the project, with Bluth and Goldman producing alongside Roy Lee through his Vertigo Entertainment Banner, Trevor Engelson for Underground Films and Reynolds through his Maximum Effort banner.
Reynolds, whose most iconic role is as the Merc with a Mouth in the hit Deadpool series, began his relationship with Netflix on the Michael Bay-helmed 6 Underground and was in the process of shooting Red Notice for the streaming service alongside Dwayne Johnson and Salma Hayek (Like a Boss) from the previous film.
The film is set to be scripted by Dan and Kevin Hageman, who are best known for helping craft the story on the breakout animated family adventure The Lego Movie and last year’s well-received adaptation of the young adult horror novel series Scary Stories to Tell in the Dark.