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Introducing, Movie Star Barbie. No, really

Hollywood Premiere Barbie Doll
Source: Barbie | Facebook
Hollywood Premiere Barbie Doll

She is 50 years old, yet she is younger than ever.

Barbie is set to make her big screen debut. Sony Pictures Entertainment and Mattel, in partnership with producers Walter Parkes and Laurie MacDonald, announced that the famous fashion doll will be the heroine of a movie that will begin production at the end of the year.

Through her experience—she has had more than 150 careers—the movie will explore how Barbie is able to influence and change the life of people around her.

Read MoreMattel posts 1st quarterly loss in 5 years as Barbie sales fall

"We've always thought that the Barbie story had great potential," said Hannah Minghella, Columbia Pictures' president of Production, 'but a universe of possibilities opened up when [the writer], Walter and Laurie brought us their unexpected, clever, and truly funny concept. It captures everything that has made Barbie a classic for generation after generation while also standing on its own."

This movie will also be the second time that Sony Pictures and Mattel work together. They previously developed a film adaptation of Masters of the Universe, based on Mattel's action figures.

—By CNBC.com

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