Legendary Pictures emerged victorious in a heated bidding war over the weekend for writer Lisa Joy's spec screenplay Reminiscence. The studio reportedly paid $1.75 million for the script, although others believe the studio paid a low seven figures. Regardless, the deal is one of the biggest spec sales of the year.

Story details are being kept under wraps, although it is said to be a sci-fi thriller that fits within Legendary's wheelhouse. The studio is best known for producing recent genre hits such as Pacific Rim and Man of Steel, along with the upcoming 300: Rise of an Empire, Godzilla, Seventh Son and Warcraft.

Alex Hedlund is overseeing the project for Legendary, which is now based at Universal Pictures after leaving Warner Bros. No production schedule was given.

Lisa Joy previously served as a writer on ABC's Pushing Daisies, and she wrote and produced for USA Network's Burn Notice. She is currently co-writing Westworld with Jonathan Nolan for HBO, which J.J. Abrams is executive producing.