The action movie "Speedy Racer" starring J.J. Abrams is reportedly in production for AppleTV+.

Here it comes, it looks like Speed Racer is coming to AppleTV+.

Variety reported Wednesday that a live-action "Speed Racer" series is in development for AppleTV+.

J.J. Abrams is also said to be involved as an executive producer through his production company Bad Robot. Abrams is more widely known for his film work, but has also produced a number of popular television series, including "Lost," "Felicity," and "Alias."

A "Speed Racer" series has been in the works for some time, with Ron Fitzgerald and Hiram Martinez reportedly on board as writer and executive producer.

No actors were mentioned in the Variety report. No release date is mentioned either.

"Speed Racer" is based on a manga series by Tatsuo Yoshida in the 1960s under the title "Mach GoGoGo," which spawned an animated series that debuted in the United States in 1967 under the title "Speed Racer" and was subsequently remade and made into a live-action film in 2008. The film was written and directed by the Wachowskis, with Emile Hirsch in the title role.

The story of Speed Racer centers on a racing driver, Speed Racer, and his racing car, known as the Mach 5. Other characters include Speed Racer's father, Pops Racer, a car manufacturer; his girlfriend, Trixie; and his brother, Splittle. Speed Racer also has a pet chimpanzee named Chim Chim.