Hairspray: According to Variety, New Line Cinema will produce a feature remake of Hairspray, thus completing a 16-year full-circle journey from modestly budgeted John Waters cult movie to Tony-winning smash Broadway tuner and now back to bigscreen musical.

New Line co-chairmen and co-CEOs Robert Shaye and Michael Lynne confirmed that the new film will be a priority development project aiming for a 2006 release.

"This whole idea of musical adaptations of films from within our library was about creating additional value for our films, and 'Hairspray' was the first of those projects to come together," Lynne told Daily Variety. "This new version adds another generation of value. The continuum is very exciting."

"I couldn't think of a better way to continue the life of this fantastic musical," Shaye added. "In each form it takes, 'Hairspray' is an expression of the power and universality of John's original vision."

Set in Waters' beloved native Baltimore during the 1960s dance TV craze, "Hairspray" centers on zaftig high school hairhopper Tracy Turnblad as she graduates from outsider to celebrity trendsetter. Along the way she stars on "The Corny Collins Show," wins the heart of resident hunk Link Larkin and kicks down the barriers for black and white integration on local television.

The next step for the studio is to attach a director to the project.