Magic 8 Ball the Movie?

It appears that Paramount may be the next big business in need of a government bailout. According to plans, Paramount wants to create a movie based on Mattel's Magic 8 ball. You know, the one that says "outlook not so good" or "signs point to no." Maybe they should take the advice.

Paramount has extended its business with Mattel, optioning the venerable Magic 8 Ball to use as the basis for a live action adventure film. The deal is being put in place by Paramount Motion Picture Group president Adam Goodman, and will be produced by Brad Weston through his overall deal on the Par lot.

Man, that sounds really awful.

http://www.deadline.com/2010/04/paramount-seeks-film-fortunes-from-mattels-magic-8-ball/