Variety reports that Steve Niles' 'Frankenstein' redo 'Wake the Dead' took a huge step forward this week. Holding pictures has picked up the film rights to the project for 'Water Horse' director Jay Russell to helm. 'Sahara' scribe James V. Hart will pen the script.
Based on the IDW comics series, 'Wake the Dead' recasts Mary Shelly's classic tale of reanimation in the world of contemporary high-school students, as a wealthy and slightly deranged teen with a gift for medicine conspires to revive the mangled corpse of one of his classmates in his basement lab.
According to Variety, Holding Pictures principal Charlie Lyons will produce, fully finance development and likely fund the film through principal photography.
F/X work is to be done by Peter Jackson's New Zealand-based Weta.
'Wake the Dead' was previously in the care of Dimension films. It was one of many Niles properties that got snapped up in the feeding frenzy following the sale of '30 Days of Night'. At one time Joel Schumacher was attached to direct and Michael Dougherty was writing the script.
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