Alcon principals Broderick Johnson and Andrew A. Kosove secured rights to the project the week of the original film's 20th anniversary from RGM Media, John McMurrick and Chris Taylor. Broderick Johnson and Andrew A. Kosove will produce along with Michael DeLuca, John Baldecchi, Chris Taylor and Kurt Wimmer, who also wrote the screenplay. RGM Media principal Devesh Chetty and investor John McMurrick, Chairman of Marloss Entertainment, will serve as Executive Producers.
The film is being fast tracked, with the filmmakers set to take the project out to directors soon.
The new version is set in the world of international extreme sports, and like the original involves an undercover FBI agent infiltrating a criminal ring, but plot points beyond that have not been revealed by the filmmakers.
State Broderick Johnson and Andrew A. Kosove: "Who doesn't love the Kathryn Bigelow original and its pure heart-pounding action and thrills? Kurt Wimmer's take infuses the story and characters with new twists and settings. We're very excited to be in business with Kurt Wimmer, and Michael DeLuca, Chris Taylor, and John John Baldecchi."
Adds Michael DeLuca "Point Break wasn't just a film, it was a Zen meditation on testosterone fueled action and manhood in the late 20th century and we hope to create the same for the young 21st!"
In addition to the feature rights, Alcon has also secured television and gaming rights to Point Break.
The Kathryn Bigelow original, starring Keanu Reeves, Patrick Swayze and Gary Busey, was produced by Largo Entertainment and released by Fox. The film went on to become an instant classic and remains beloved by the youth culture around the world.