Luke Bracey (G.I. Joe Retaliation) will join Gerard Butler in Alcon Entertainment's remake of the classic 1991 action-thriller Point Break, as it was announced by Alcon co-founders and co-CEOs Andrew Kosove and Broderick Johnson.

Luke Bracey will play the role of Johnny Utah, originally played by Keanu Reeves in the 1991 film. Johnny Utah is a young FBI agent who goes undercover to infiltrate a criminal gang in the world of international extreme sports.

Ericson Core (Invincible) is directing Kurt Wimmer's ("Salt," "Law Abiding Citizen," "Total Recall") screenplay.

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Alcon's Andrew Kosove and Broderick Johnson secured rights to the project from RGM Media, John McMurrick and Chris Taylor. Andrew Kosove and Broderick Johnson will produce along with John Baldecchi, Chris Taylor and Kurt Wimmer. RGM Media principal Devesh Chetty and investor John McMurrick, Chairman of Marloss Entertainment, will serve as Executive Producers.

Luke Bracey most recently co-starred in G.I. Joe Retaliation. He will next be seen in the upcoming Nicholas Sparks adaptation The Best of Me starring Michelle Monaghan and James Marsden for Relativity.

At the most recent American Film Market, Point Break was an international success story, quickly selling out all rights worldwide, with many foreign distributors returning time and again with numerous counter bids. The film will be released domestically via Warner Bros through Alcon's long-term distribution pact. Principal photography is set to begin early this summer.