"Mamma Mia!", the musical inspired by ABBA disco-pop hits, is heading for the big screen. Getting involved in the highly anticipated project is Tom Hanks who, through his production company Playtone, has inked a deal with Littlestar Services Limited, the company run by the hit show's producer, Judy Craymer, and ABBA songwriters Benny Andersson and Bjorn Ulvaeus.
All of the persons are now in discussion over the project with Universal Pictures to finance and distribute. In the meantime, Judy has been slated to produce alongside Gary Goetzman, and Catherine Johnson is penning the screenplay. Details on "Mamma Mia!" are being kept under wrap, but it is said that the flick is expected to be released in late 2007.