Summit Entertainment and RCR Media Group confirmed today that RCR will co-finance Summit's re-imagination of the popular epic adventure Highlander which is being designed for a global audience.

Highlander will be directed by Justin Lin from a screenplay written by Art Marcum and Matt Holloway. Neal H. Moritz and Peter S. Davis will produce the project. RCR Media Group's principles Rui Costa Reis and Eliad Josephson serve as executive producers on the film. Summit acquired the rights to remake the classic from Davis - Panzer Productions, Inc. in May of 2008.

In Highlander, after centuries of dueling to survive against others like him, Connor MacLeod, an immortal Scottish swordsman must confront the last of his kind, a murderously brutal barbarian, who lusts for the Prize.

Related: Highlander Prequel Comic Is Coming in 2017

RCR Media Group's Chairman Rui Costa Reis said: "Highlander is a property that is known around the world and Summit's re-imagination is sure to appeal to both existing and new fans of the Highlander lore."

RCR CEO Eliad Josephson said: "We plan on this being the first of many projects we work on with Summit."