Paramount have leased the facility as the primary production base for the film, which will presumably also avail itself of the local impressive scenery. Obviously it's not the first fantasy project to be filmed at the studios. In July-November 2009 it played host to the best-forgotten fantasy comedy Your Highness, and from October 2009 all the way to July 2018 the studio served as the primary production base for HBO's Game of Thrones. A pilot for a proposed spin-off show was also shot there in 2019, but HBO elected to drop that project in favour of another idea, House of the Dragon, which is instead using the Warner Brothers Studio at Leavesden, outside London.
Plans to make a new D&D movie have been underway at Hasbro for a decade, with multiple studios, writers and directors involved at different times, as well as a punishing legal battle. With all the obstacles removed, the film now looks set to genuinely start shooting early next year, presumably to debut in 2022 or 2023.
The film is written and will be directed by Jonathan Goldstein and John Francis Daley (Game Night). Chris Pine is in talks to star.