Screenplay is by Pamela "Corpse Bride" Pettler.
Giannina Facio and Hasbro's Brian Goldner are also on board to produce.
Published by Parker Brothers, a subsidiary of Hasbro, the board game is named after the economic concept of a 'monopoly', or the domination of a market by a single entity.
Patented by Charles Darrow in 1935, Monopoly is noted as the most commercially-successful board game in the world, where players compete to bankrupt their opponents by the acquisition of real estate, utilities and cash.
The mascot for the game is a mustachioed man wearing a monocle named 'Mr. Monopoly', formerly known as 'Rich Uncle Pennybags'.
There have been numerous variations on the game including the recent "Transformers" and "Star Trek" themed games.
Hasbro said that the longest single game of Monopoly ever played lasted 1,680 hours, or 70 days...