According to Variety, the studio aims to turn the reboot into a franchise property.
Based on the Stephen King novel, the story centers on a girl able to start fires at will.
The plot details for the reboot are being kept under wraps, but it is to be loosely based on the original Stephen King book, however, the main character is to be reinvented with a little more edge.
"We see this as a unique, character-driven thriller with a supernatural edge, based on a timeless concept and enhanced by recent visual effects advances," Martha De Laurentiis said.
Mark L. Smith is now working on the Firestarter script.
Universal hopes to get the pic into production next year, but has yet to take the project out to directors.