The network has long been trying to branch out into the theatrical world, forming Syfy Films back in 2010. Both Syfy and their parent company NBCUniversal began pumping money into a joint development fund. According to network president Dave Howe, the network is, "actively developing scripts."
It isn't known if there is a writer attached to this proposed remake, but Dave Howe believes there is an audience for it. The network's last airing of Waterworld on Syfy attracted a healthy 400,000 viewers. Dave Howe also revealed that a TV series inspired by the original movie is also a possibility.
Kevin Reynolds directed Waterworld, which was set in a future where the Earth was completely covered in water, with humans living in floating cities across the globe. The film earned just $88 million domestically.