Hollywood is again rolling its 12-sided dice and taking a chance on translating the popular "Dungeons & Dragons" role-playing game into a movie.

Warner Bros. and toy maker Hasbro's Allspark Pictures said Monday that they are working with Sweetpea Entertainment Inc. to create a franchise based on the fantasy game. The first movie in the prospective franchise doesn't have a director yet, but a script, written by David Leslie Johnson ("The Conjuring 2"), is already in place.

This isn't the first time a studio tried to turn "Dungeons & Dragons" into a movie. In 2000, New Line Cinema, a Time Warner division that merged with Warner Bros. in 2008, released a movie of the same name starring Thora Birch, Marlon Wayons and Jeremy Irons. It only made $33.8 million world-wide on a budget of about $45 million, according to Box Office Mojo, and it was a critical failure, as well. The director of that film, Sweetpea's Courtney Solomon, will be listed as a producer on the new "Dungeons & Dragons" film, however.

"Dungeons & Dragons" was co-created by Gary Gygax and Dave Arneson, and it was first designed and published in 1974. The game consists of a campaign overseen by someone called a Dungeon Master, who tells the story of the campaign and makes rulings. Participants play as characters, such as elves and wizards, who have certain attributes and abilities.

The announcement Monday also marks the resolution of a legal battle between Sweetpea and Hasbro, which owns "Dungeons & Dragons" publisher Wizards of the Coast LLC. All rights for future productions based on "Dungeons & Dragons" belong to Wizards of the Coast.