Elizabeth Banks has signed on to produce and star in a feature adaptation of The Magic School Bus book series from author Joanna Cole and illustrator Bruce Degen, which has sold more than 80 million copies worldwide. Universal Pictures is teaming with Scholastic Entertainment, Marc Platt Productions and Banks' Brownstone Productions to bring the beloved bus to the big screen. Not only will Banks play teacher extraordinaire Ms. Frizzle, but she'll produce alongside her Brownstone partner Max Handelman and Marc Platt and Adam Siegel, as well as Iole Lucchese and Caitlin Friedman of Scholastic. Brownstone's Alison Small will …