According to The Hollywood Reporter, The Poseidon, the ocean liner that famously capsized back in the 1970s, is heading out to sea again.

Wolfgang Petersen's Radiant Pictures and reality TV impresario Mike Fleiss are producing a remake of The Poseidon Adventure for Warner Bros. Pictures.

The original movie, released by 20th Century Fox in 1972, told the story of a ragtag group of survivors trapped on a passenger ship after it is flipped. The movie, produced by Irwin Allen, was part of a wave of big-budget disaster movies that proved popular in the '70s. It was followed by the 1979 sequel, "Beyond the Poseidon Adventure," which was released by Warners.