"Point Break," a 1991 cult film that stars Keanu Reeves and the late Patrick Swayze and tells of an undercover FBI agent working to nab a group of criminal surfers, is headed for a reboot.
The film, television and even gaming rights to the action flick, which was directed by Oscar winner Kathryn Bigelow and produced by her then-husband James Cameron, have been secured by the production company Alcon Entertainment on the week of the movie's 20th anniversary, according to a statement by the firm.
No cast or release date has been announced for the new "Point Break," which is "set in the world of international extreme sports, and like the original involves an undercover FBI agent infiltrating a criminal ring," the group says. Warner Bros. is set to distribute the film.
In the original movie, Swayze plays Bodhi, a thrill-seeker who heads a group of surfers who rob banks while wearing masks resembling U.S. Presidents Ronald Reagan, Lyndon B. Johnson, Jimmy Carter and Richard Nixon. Reeves plays FBI agent Johnny Utah, who befriends Bodhi and even learns how to surf in a bid to nab the gang.
Lori Petty, also known as Kit from the film "A League of Our Own," plays Utah's love interest Tyler Endicott, a surfer girl who is friends with the group. Gary Busey plays his partner.
"Point Break" earned $83 million worldwide and earned mixed reviews by film critics but has become a cult hit since its release on July 12, 1991. Semi-improvised stage productions of the movie, called "Point Break Live!" have been put on in theatres in cities such as Seattle, New York and Los Angeles.
"'Point Break' wasn't just a film," co-producer Michael DeLuca said in a statement. "It was a Zen meditation on testosterone fueled action and manhood in the late 20th century and we hope to create the same for the young 21st!"
Swayze died in death at age 57 in 2009 after battling pancreatic cancer. A remake of the 1987 romance film "Dirty Dancing," another movie he was known for, is also currently in the works. Jennifer Grey, who played his character's love interest, expressed her excitement about the news and director Kenny Ortega said the actor's widow, Lisa, supports the project.