TV show Magic City will make the jump to the big screen in a new film starring Bruce Willis and Bill Murray.

US cable channel Starz cancelled the critically-acclaimed 1960s-set drama series in 2013 after just two seasons.

Magic City creator Mitch Glazer is now writing and will direct a film spin-off, which features Jeffrey Dean Morgan returning to the role of Miami hotel owner Ike Evans.

Original series cast members Olga Kurylenko, Danny Huston and Kelly Lynch are also set to reprise their characters.

Glazer's movie will focus on Evans' struggle to keep his hotel above water set against the USA's conflict with Cuba in 1962 and President John F Kennedy's affair with a Miami Mob boss's mistress.

"The chance to explore this wild time and place and this compelling family saga is a dream come true," Glazer said in a statement.

It has yet to be made public who Bruce Willis and Bill Murray will play in the movie.