According to Deadline New York, Guillermo del Toro's next film will be At the Mountains of Madness. This is an adaptation of the H.P. Lovecraft tale.

The film will be shot in 3D for Universal Pictures and James Cameron will come aboard as a producer. James Cameron is being choosy about what 3D projects he aligns himself with, but he made an exception due to his respect for del Toro. Also, it is Cameron's involvement that helped convince Universal to go with this project.

At the Mountains of Madness follows "a chilling recollection of an Antarctic expedition's uncanny discoveries-and their encounter with untold menace in the ruins of a lost civilization.

Guillermo del Toro was wanted to make this project for many years. It was was originally set up at DeamWorks in 2004 by del Toro and producers Susan Montford and Don Murphy. Del Toro and Matthew Robbins penned the script, which they are now reworking. The package was picked up by Universal when del Toro made a big overall deal there in 2007.