“I Know What You Did Last Summer” helmer Jim Gillespie will make his return to the thriller genre with “Take Down”, ”a story about a group of rich youngsters trying to defeat criminals who are to abduct them from far-flung boarding school” tells The Hollywood Reporter.

Alexander Ignon (“Ransom”) wrote the script for the film, which is eyeing a shoot in Britain in the fall.

The producers, say the trade, are envisioning “Take Down” to be the first in a franchise, and have already started writing a sequel.