Fox has decided to celebrate the 40th anniversary of the 1975 cult musical and midnight mainstay The Rocky Horror Picture Show with a TV remake. The Rocky Horror Picture Show Event will be a 2-hour special, which is now in development. Original producer Lou Adler is coming back to executive produce alongside Gail Berman and Kenny Ortega, the later of which will direct and choreograph for Fox 21 TV Studios.

The Rocky Horror Picture Show Event will 'reimagine' the campy horror movie, which, 40 years after its release, continues to play in theaters across the globe all year long. It holds the record for longest theatrical distribution frame for any film in history. A remake has long been in the works. While a movie remake was considered, the TV event was originally set up at Fox in 2002, back when executive producer Gail Berman was president of the Network. The plan was to have it on the air by 2003, to mark the 30th anniversary of the 1973 musical by Richard O'Brien, which served as a basis for the movie. Back in 2002, Berman said of the announcement:

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"I've been a fan of Rocky Horror since I was a teenager."

The remake has been a long gestating passion project for Berman, who tried to set up the event a second time in 2008 with MTV. That didn't make it to the screen either. This third time should be the charm, though. The Rocky Horror Picture Show Event will remain faithful to the text and score of the original, but is being reimagined visually.

The original story followed sweethearts Brad (Barry Bostwick) and Janet (Susan Sarandon), who, stuck with a flat tire during a storm, discover the eerie mansion of Dr. Frank-N-Furter (Tim Curry), a transvestite scientist. As their innocence is lost, Brad and Janet meet a houseful of wild characters, including a rocking biker (Meat Loaf) and a creepy butler (Richard O'Brien). Through elaborate dances and rock songs, Frank-N-Furter unveils his latest creation: a muscular man named "Rocky."