Forget the sequel, there’s a Point Break remake on the wave instead!

pointbreak

With a once proposed sequel now – excuse the pun – dead in the water, the powers-that-be have to opted to instead reboot 1991′s “Point Break” rather than continue on their plight to make a cheap-buck follow-up. RGM have let go of the right and Warner-based Alcon Entertainment now control everything Johnny Utah.

Here’s the press release that went out this morning :

LOS ANGELES, CA., SEPTEMBER 12, 2011 – Financing and production company Alcon Entertainment is set to remake the 1991 action-thriller POINT BREAK as a feature film for release by Warner Bros, its home studio, it was announced by Alcon co-founders and co-CEO’s Broderick Johnsonand Andrew Kosove. The Alcon principals secured rights to the project the week of the original film’s 20th anniversary from RGM Media, John McMurrick and Chris Taylor. Kosove and Johnson will produce along with Michael DeLuca, John Baldecchi, Chris Taylor and Kurt Wimmer who also wrote the screenplay (“Salt,” “Law Abiding Citizen,” upcoming “Total Recall”). RGM Media principal Devesh Chetty and investor John McMurrick, Chairman ofMarloss Entertainment, will serve as Executive Producers. The film is being fast tracked, with the filmmakers set to take theproject out to directors soon.

The new version is set in the world of international extreme sports,and like the original involves an undercover FBI agent infiltrating a criminalring, but plot points beyond that have not been revealed by the filmmakers. State Johnson and Kosove: “Who doesn’t love the Kathryn Bigelow original and its pure heart-pounding action and thrills? Kurt’s take infuses the story and characters with new twists and settings.” Adds DeLuca “’Point Break’ wasn’t just a film, it was a Zen meditation on testosterone fueled action and manhood in the late 20th centuryand we hope to create the same for the young 21st!” In addition to the feature rights, Alcon has also secured television and gaming rights to POINT BREAK. The Bigelow original, starring Keanu Reeves, Patrick Swayze and GaryBusey, was produced by Largo Entertainment and released by Fox.

A sequel, “Point Break : Indo”, fixing on an undecover agent who infiltrates sea pirates in Indonesia, was set to go before the cameras a couple of years back. The project suffered some setbacks, financial and creative, but looked near a sure-thing at one stage with both Jan de Bont and Jeff Wadlow signing on at different points to direct.

What would you have preferred to see, a sequel or a remake?