New Line has acquired Craig Titley's pitch for an updated version of Jule Verne's novel 20,000 Leagues Under the Sea and set it up with Sam Raimi and Josh Donen through their Buckaroo production company, according to Variety. Raimi (director of the Spider-Man franchise) will not direct the film.

New Line will develop the film that would look more closely into the background of Captain Nemo as well as that of his prisoners aboard the Nautilus. Disney's original 20,000 Leagues Under the Sea, released in 1954, starred James Mason, Kirk Douglas and Peter Lorre in the story of a 19th century expedition to find a mysterious sea creature that's been attacking ships.