Hit ABBA-themed musical "Mamma Mia!" is coming to the bigscreen with a late 2007 release targeted reports Variety. The show's book writer, Catherine Johnson, is penning the screenplay, which will stick closely to the crowd-pleasing musical's plot.

Playtone partners Tom Hanks and Gary Goetzman have closed a deal with show producer Judy Craymer and ABBA songwriters Benny Andersson and Bjorn Ulvaeus. On top of that they are in talks with Universal to finance and distribute.

Raised on a Greek island by a formerly rebellious mom who never disclosed the identity of her father, the story follows a bride-to-be who locates three men who might be her father and invites them to her wedding. The resulting conflict triggers 22 ABBA hits like "Dancing Queen," "Take a Chance on Me" and "The Winner Takes It All".