American franchise and a brand of scale model cars, Hot Wheels was invented by Elliot Handler and was then introduced by his company, Mattel, in 1968. When he noticed his son playing with matchbox cars, he decided to create a line, and that's how the 'hot rod' cars got modified. With rising popularity, there have been several animated films, and now there are reports that a live-action film is in the works, which will be helmed by the director.<h2>Details about Wicked director to handle the Hot Wheels live-action films</h2>According to several reports, Jon M Chu, filmmaker of Crazy Rich Asians and Wicked will be reportedly donning the hat of director for its take on Mattel's iconic toy cars for Warner Bros. Reportedly, the screenwriting for the upcoming project will be taken over by Juel Taylor and Tony Rettenmair with JJ Abrahams Bad Robot Productions.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/alice-in-borderland-season-3-makers-drop-first-glimpse-of-survival-thriller-series-release-date-out-1751952658434">Alice in Borderland season 3: Makers drop first glimpse of survival thriller series, release date out</a>&nbsp;According to The Hollywood Reporter, Mattel Studios and Chief Content Officer said in a statement, “Jon’s ability to craft rich, elaborate worlds with a distinct point of view makes him the ideal storyteller to bring Hot Wheels to life. His films are visual spectacles — true eye candy — but what sets them apart is how he weaves unforgettable narratives within those stunning frames.” However more details about the film are yet-to-be announced.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/hollywood/black-panther-stars-michael-b-jordan-danai-gurira-to-reunite-for-classic-thriller-the-thomas-crown-affair-remake-1751947666314">Black Panther stars Michael B Jordan, Danai Gurira to reunite for classic thriller The Thomas Crown Affair remake?</a><h2>All about Hot Wheels and how it gained global fandom</h2>The first line of Hot Wheels cars, known as The Original Sweet 16, was manufactured in 1967. These were the first of the Red Line Series, named for the tires which had a red pin stripe on their sides.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/lifestyle/cardi-b-ft-crow-rapper-makes-a-dramatic-entrance-at-paris-couture-week-1751907488174">Cardi B ft. Crow! Rapper makes a dramatic entrance at Paris couture week</a>&nbsp;The success of the 1968 line was solidified and consolidated with the 1969 releases, with which Hot Wheels effectively established itself as the hottest brand of small toy car models in the USA. Splittin' Image, Torero, Turbofire, and Twin Mill were part of the "Show &amp; Go" series and are the very first original in-house designs by Hot Wheels.&nbsp;Also Read: <a href="https://www.wionews.com/entertainment/hollywood/jurassic-world-rebirth-roars-to-top-of-n-american-box-office-1751906598383">Jurassic World: Rebirth roars to top of N.American box office</a>&nbsp;Starting in 2018, Hot Wheels launched a new program called the Hot Wheels Legends Tour. This program was originally launched to commemorate Hot Wheels' 50th anniversary. Each year, there are 18 Legends Tour events that are held at various Walmart locations across the United States.&nbsp;

Jon M Chu, best known for filming Wicked and Crazy Rich Asians among others, will reportedly be helming the Hot Wheels live-action movie. More details from the makers are awaited. 

American franchise and a brand of scale model cars, Hot Wheels was invented by Elliot Handler and was then introduced by his company, Mattel, in 1968. When he noticed his son playing with matchbox cars, he decided to create a line, and that's how the 'hot rod' cars got modified. With rising popularity, there have been several animated films, and now there are reports that a live-action film is in the works, which will be helmed by the director. Details about Wicked director to handle the Hot Wheels live-action films According to several reports, Jon M Chu, filmmaker of Crazy Rich Asians and Wicked will be reportedly donning the hat of director for its take on Mattel's iconic toy cars for Warner Bros. Reportedly, the screenwriting for the upcoming project will be taken over by Juel Taylor and Tony Rettenmair with JJ Abrahams Bad Robot Productions. Also Read: Alice in Borderland season 3: Makers drop first glimpse of survival thriller series, release date out According to The Hollywood Reporter, Mattel Studios and Chief Content Officer said in a statement, “Jon’s ability to craft rich, elaborate worlds with a distinct point of view makes him the ideal storyteller to bring Hot Wheels to life. His films are visual spectacles — true eye candy — but what sets them apart is how he weaves unforgettable narratives within those stunning frames.” However more details about the film are yet-to-be announced. Also Read: Black Panther stars Michael B Jordan, Danai Gurira to reunite for classic thriller The Thomas Crown Affair remake? All about Hot Wheels and how it gained global fandom The first line of Hot Wheels cars, known as The Original Sweet 16, was manufactured in 1967. These were the first of the Red Line Series, named for the tires which had a red pin stripe on their sides. Also Read: Cardi B ft. Crow! Rapper makes a dramatic entrance at Paris couture week The success of the 1968 line was solidified and consolidated with the 1969 releases, with which Hot Wheels effectively established itself as the hottest brand of small toy car models in the USA. Splittin' Image, Torero, Turbofire, and Twin Mill were part of the "Show & Go" series and are the very first original in-house designs by Hot Wheels. Also Read: Jurassic World: Rebirth roars to top of N.American box office Starting in 2018, Hot Wheels launched a new program called the Hot Wheels Legends Tour. This program was originally launched to commemorate Hot Wheels' 50th anniversary. Each year, there are 18 Legends Tour events that are held at various Walmart locations across the United States.

Jon M Chu, best known for filming Wicked and Crazy Rich Asians among others, will reportedly be helming the Hot Wheels live-action movie. More details from the makers are awaited.&nbsp;

Hot Wheels live action film: Wicked filmmaker Jon M Chu to direct Mattel's iconic toy cars for Warner Bros

There is a time in perhaps most boys' life when his collection of Hot Wheels is his most prized possession. The nicely made toy cars zoom and whizz past the loops and whatnot. But these cars sometimes can cost a fortune, or if you are on the right side of the deal table, can even earn a fortune.

Bruce Pascal is one such guy. He is a commercial real-estate executive based in Washington DC area. He owns a Hot Wheels that has a value of 150,000 US Dollars.

The car in question isn't a supercar or miniature version of Batmobile but a 1969 version of 'beach bomb' Volkswagon bus.

Value of a collectible increases with its rarity and how old it is.

But before you dig up your closet to unearth you childhood toy collection, hear why Pascal's car is fetching the amount.

The 'beach bomb' car he owns was not sold in the open market. It was only made for testing inside Mattel's corporate offices.

The thing with Hot Wheels is, it is not just supposed to look slick but is also supposed run smoothly on the tracks Mattel provides.

Thing with the 'beach bomb' car is, the model flipped every time it was sped up rubber loops. To solve this problem, Mattel made modifications to the design and made the base heavier. But it didn't work during the testing.

However, this base-heavy version of the beach bomb car with two tiny surfboards protruding from the back has become stuff of legends. Only 50 models are believed to be there in the world.

Mattel eventually made more modifications to the car and the model that finally made its way to the market had surfboards coming out from its sides.&nbsp;

There is a time in perhaps most boys' life when his collection of Hot Wheels is his most prized possession. The nicely made toy cars zoom and whizz past the loops and whatnot.

There is a time in perhaps most boys' life when his collection of Hot Wheels is his most prized possession. The nicely made toy cars zoom and whizz past the loops and whatnot. But these cars sometimes can cost a fortune, or if you are on the right side of the deal table, can even earn a fortune. Bruce Pascal is one such guy. He is a commercial real-estate executive based in Washington DC area. He owns a Hot Wheels that has a value of 150,000 US Dollars. The car in question isn't a supercar or miniature version of Batmobile but a 1969 version of 'beach bomb' Volkswagon bus. Value of a collectible increases with its rarity and how old it is. But before you dig up your closet to unearth you childhood toy collection, hear why Pascal's car is fetching the amount. The 'beach bomb' car he owns was not sold in the open market. It was only made for testing inside Mattel's corporate offices. The thing with Hot Wheels is, it is not just supposed to look slick but is also supposed run smoothly on the tracks Mattel provides. Thing with the 'beach bomb' car is, the model flipped every time it was sped up rubber loops. To solve this problem, Mattel made modifications to the design and made the base heavier. But it didn't work during the testing. However, this base-heavy version of the beach bomb car with two tiny surfboards protruding from the back has become stuff of legends. Only 50 models are believed to be there in the world. Mattel eventually made more modifications to the car and the model that finally made its way to the market had surfboards coming out from its sides.

There's a Hot Wheels car worth USD 150,000

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Hot Wheels live action film: Wicked filmmaker Jon M Chu to direct Mattel's iconic toy cars for Warner Bros

There's a Hot Wheels car worth USD 150,000