There’s been a lot of hearsay about the exact nature of the long-in-development POLTERGEIST project at MGM (is it a reboot? Is it a sly sequel?) but now there’s an official Press Release to clear up a few things (it’s a “revisionist take” apparently), and you can read all the exciting details below…

Metro-Goldwyn-Mayer Pictures (MGM), a division of MGM Holdings Inc., has partnered with Fox 2000 Pictures, a division of Twentieth Century Fox, to co-finance and distribute the film “Poltergeist,” it was announced today by MGM Chairman and Chief Executive Officer, Gary Barber and Twentieth Century Fox Chairman and Chief Executive Officer, Jim Gianopulos. Gil Kenan (“Monster House”) is set to direct from a screenplay by Pulitzer Prize-winning writer, David Lindsay-Abaire (whose recent credits include “Oz: The Great and Powerful”). The film is being produced by Sam Raimi (“Evil Dead”) and Rob Tapert (“The Posession”) via Ghost House Pictures, along with Roy Lee (“The Strangers”). Nathan Kahane (“The Grudge”) will serve as executive producer.

“Poltergeist” will be marketed and distributed worldwide by Twentieth Century Fox, with select international territories as well as international television distribution being handled by MGM. Fox will also handle home entertainment and domestic television. MGM and Twentieth Century Fox continue their longtime partnership as Fox also distributes MGM’s home entertainment product.

In a revisionist take on the classic horror film, a family struggling to make ends meet relocates to an outdated suburban home and is confronted by an angry spirit who kidnaps their youngest daughter and challenges them to band together to rescue her from the clutches of evil.

“Poltergeist” is scheduled to begin production this Fall.

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