From one action movie to another and another! Monday, it was announced that Dwayne Johnson and Dany Garcia’s Seven Bucks Productions would develop action/adventure Red One in collaboration with Amazon Studios.

After a fierce bidding war to win the distribution rights, Amazon Studios won out in the end, according to Deadline.

Chris Morgan, who has worked on several projects with Seven Bucks, including Fast and Furious Presents: Hobbs and Shaw, The Fate of the Furious, Furious 7, and a few more, will write and produce Red One.

“Hold my Mana, because this is exciting,” said Johnson. “Our Seven Bucks is very bullish on our partnership with Amazon Studios; underpinned with some innovation, some pioneering, and a lot of positive energy and passion. I’ve been very impressed with Jen Salke and her team’s vision and ambition to create an enormous, fun, and unique Red One holiday universe for families around the world to enjoy.”

“Red One is incredibly special to me and a story I’ve wanted to tell for years,” said Hiram Garcia, President of Production at Seven Bucks. “An epic, edge-of-your-seat, action adventure that takes beloved holiday mythology and turns it on its head. I’m thrilled to have our Seven Bucks team join forces with Amazon to bring this fun Holiday tale to life for a global audience.”

Red One is described as a “globe-trotting, four-quadrant action-adventure comedy” that envisions “a whole new universe to explore within the holiday genre.”

The film is expected to shoot in 2022 with a release in 2023 just in time for the holidays.