We first reported on the project back in June, when the studio hired Brad Copeland to write the screenplay. While no story details have been revealed, it is believed that this will be a whole new story that won't fit within the continuity of the original Knight Rider TV series, which ran for four seasons between 1982 and 1986, or the 2008 Knight Rider reboot series, which only lasted one season.
The original series followed Micheal Knight (David Hasselhoff), a crime fighter who sets out to clean up the streets with the help of his car K.I.T.T. (Knight Industries Two Thousand), a vehicle infused with advanced artificial intelligence technology.
It isn't known if either Chris Pratt or Danny McBride are being eyed to play Michael Knight or the voice of K.I.T.T., or if these characters will even be included in the script. Schmoes Know speculates that Chris Pratt is being eyed to play Michael Knight, with Danny McBride voicing K.I.T.T. It's possible that the reboot will craft a brand new character that follows in Michael Knight's footsteps several years later, but that has not been confirmed.
With two comedians like Chris Pratt or Danny McBride being considered, it's possible that The Weinstein Company is taking an approach similar to the 21 Jump Street theatrical reboot, which was much more comedic than the original series it was based off of. No director has been attached as of yet, so it isn't known if this is the route they may go down or not.