According to The Hollywood Reporter, Canadian film producer Copper Heart Entertainment said Wednesday that Los Angeles-based 2929 Prods. has agreed to finance a remake of the 1974 Canadian horror film Black Christmas, a forerunner of the 1980s slasher movie phenomenon.

Copper Heart producer Steven Hoban said Glen Morgan (The X-Files, Final Destination) is on board to direct.

The original, which starred Margot Kidder and Olivia Hussey, was set in a sorority house where young students are terrorized by an obscene phone caller and then killed off one by one during Christmas break.

While there is no word yet on casting, Hoban said the movie will likely be shot in the fall in Vancouver, where Morgan and longtime collaborator James Wong are in preproduction on Final Destination 3 for New Line Cinema.