Actor-filmmaker Robert Townsend has signed on to direct the reboot of Brewster's Millions, news which comes 30 years after the 1985 comedy Brewster's Millions was released, starring Richard Pryor and John Candy. The story is based on George Barr McCutcheon's 1902 novel, which was turned into a stage play in 1906 along with 10 different movie adaptations, including a lost 1914 Cecil B. DeMille version towards the beginning of his career.
Michael William Schmidt is writing the screenplay, which centers on Montgomery Brewster, a man who inherits $1 billion, under one condition: he must spend $100 million in one week, or he loses everything. The financial stakes in the reboot have been increased considerably, since the 1985 version, directed by Walter Hill, centered on Richard Pryor's Brewster tasked with spending $30 million in 30 days, in order to receive his full inheritance of $300 million. No further story details were released at this time.
Joseph Nasser and Jack Nasser are producing the reboot, although it isn't known when production will begin. Robert Townsend most recently directed In the Hive, and his other directorial credits include Hollywood Shuffle, Eddie Murphy Raw, The Meteor Man and B.A.P.S..