Mattel casts Margot Robbie as Barbie in live-action film, as struggling toy company seeks turnaround

Toy company Mattel said Tuesday it is partnering with Warner Bros. to bring the iconic doll to theaters with Academy Award-nominated actress Margot Robbie to star. Ynon Kreiz, who took the helm at Mattel last April, has previously said he plans to take the struggling company's iconic toy brands and expand them into other potentially money-making areas.