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Aloha, "Magnum P.I."

That 'stache, those Hawaiian shirts, the red Ferrari.

Universal Pictures and Imagine Entertainment are teaming up to bring CBS' long-running hit Magnum, P.I. to the big screen, the studio confirmed Wednesday.

With the feature film rights secured, Imagine chairman Brian Grazer will team with series cocreator Donald Bellisario to produce the movie based on Thomas Magnum's Hawaiian capers.

The proposed project also joins a growing list of upcoming flicks based on classic TV series, including the Dukes of Hazzard and Starsky and Hutch.

Conceived by Bellisario, who also came up with JAG and Quantam Leap, and Glen Larson, the series was set in Oahu in the vacated studio space of that other surfside detective drama, Hawaii 5-0.

The show was a launching pad for a young Tom Selleck, who starred in six failed TV pilots before striking TV gold with Magnum. The series, which ran from 1980 to 1988, would score him an Emmy and an executive producer credit but also typecast him as the offbeat private eye.

The mustache will likely be optional for the adaptation's P.I., since the '80s icon won't be returning as the titular lead, according to his rep. "Tom knows nothing about it and has no comment," Esme Chandleen told E! Online on Wednesday.

For those who forget, or are too young to remember, Magnum was a Vietnam vet and former Navy intelligence officer hired as head of security on the Hawaiian estate of absentee owner Robin Masters. Magnum used the estate as a base to solve his own detective cases and had to put up with the perpetually exasperated groundskeeper Jonathan Higgins and his dogs Zeus and Apollo.

Lauded for the attention paid to the character's tour of duty, the show also featured plenty of hot babes, fast cars and action sequences.

Coming on board to pen the script is screenwriter Michael McCullers, who cowrote the second and third installments of the campy Austin Powers trilogy with star Mike Myers. McCullers is also adapting the kid's classic Curious George for an upcoming Universal/Imagine animation project.

The project comes during one of Grazer's most prolific producing seasons. Credits for the Oscar-winning producer will be hard to miss over the next year as he turns out the Coen Brothers film Intolerable Cruelty starring George Clooney and Catherine Zeta-Jones on October 10; the Mike Myers vehicle Cat in the Hat scheduled for November 21; the November 19 release The Missing starring Tommy Lee Jones and Cate Blanchett; and the ensemble epic The Alamo, due in theaters this December.

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