DreamWorks Studios announced it had picked up the film rights to Electronic Arts' Need for Speed, revealing that a movie based on the series wouldn't enter production until 2013. It has been announced that the release date will defeniatly February 7, 2014. Disney will distribute the film worldwide upon release.
Directing the film will be the stuntman turned director, Scott Waugh (Act of Valor). Possibly more relevant to the Need for Speed project will be Waugh's experience on stunt crews for dozens of films, including Torque,The Italian Job, and Biker Boyz.
As for the gaming franchise, it too has a new installment on the way in the form of Criterion Games' Need for Speed Most Wanted, which is set for release on October 30.