Trump, 79, is close to Paramount’s owner Larry Ellison, the world’s third-richest man, who has also donated heavily to the president’s campaigns. As well as owning a large stake in software giant Oracle, Ellison has been named as one of the Trump allies who could potentially take over ownership of TikTok.

Mike Flanagan, who previously tackled Stephen King adaptations 'Gerald's Game' and 'Doctor Sleep,' is writing and will direct the feature film.