The original story follows three outcast teenage boys who bond over the creation of a homemade spaceship that sends them into the deepest reaches of the galaxy, where they meet an adolescent alien that has been weaned on TV. Ethan Hawke, River Phoenix and Bobby Fite starred as the three best friends. The movie flopped at the box office, after its release date got moved up and its third act had to be hastily rewritten on the fly. It found a strong second life on VHS to become an 80s classic. Some believe it fell under Steven Spielberg's Amblin Film's banner, but he was not a producer on the movie.
Details on what this new version of Explorers looks like is being kept under wraps. One insider compared it to the upcoming found footage time travel movie Welcome to Yesterday. Its not known if this upcoming remake will take a found footage approach.
The movie is being set up under Paramount's low-budget Insurge banner, and is being produced by Mission: Impossible Ghost Protocol writers Josh Appelbaum and André Nemec. Better Living Through Chemistry writers Geoff Moore and David Posamentier will pen the screenplay.