MTV To Remake 'Rocky Horror' Movie

  Variety is reporting that MTV is currently preparing to remake the 1975 cult classic film "Rocky Horror Picture Show."

Variety reports, "Lou Adler, exec producer of the original film, is partnering with BermanBraun and Fox Television Studios on the new rendition. The two-hour remake will use the original screenplay by Jim Sharman and Richard O'Brien but may also include music not featured in the original. Helmer and casting decisions have yet to be announced. Fox is in discussions with BSkyB and Sky Movies to co-finance and distribute the telepic abroad."

As of right now no official release dates have been announced though one producer stated they aim to have it ready by Halloween 2009.

The original film features Tim Curry, Susan Sarandon and Barry Bostwick. The film is based on the British musical stage production The Rocky Horror Show.

The film is considered a cult classic and viewed as a midnight movie, although it is widely known by mainstream audiences and has a large international following. RHPS was the first movie from a major film studio — 20th Century Fox — in the midnight-movie market. The RHPS is one of the most well known and financially successful midnight movies. It is the longest running theatrical release in film history.

Timetable for the start of production hasn't been established yet but the partners aim to move forward quickly once the final elements are in place.