New Line to Remake Murder Mystery 'The Last of Sheila' (Exclusive)

Last of Sheila Beau Flynn - P 2012

Last of Sheila Beau Flynn - P 2012

Beau Flynn, one of the producers of "Journey 2: The Mysterious Island," is behind the project, based on the cult movie written by Anthony Perkins and Stephen Sondheim.

New Line is remaking the murder-mystery The Last of Sheila with Beau Flynn and his FPC banner producing.

PHOTOS: 15 Biggest Box Office Flops of 2011: THR Year In Review

Directed by Herbert Ross and written by Anthony Perkins and Stephen Sondheim, the 1973 Sheila developed a minor cult following. The puzzle-minded movie is set on a yacht that's cruising the Mediterranean and whose owner, a wealthy Hollywood producer, has invited a group of his friends to join him a year after his wife is killed in a hit-and-run accident. While the guests have been ostensibly invited to take part in a mysterious scavenger hunt -- Perkins and Sondheim enjoyed devising such games -- the vacation quickly turns into a deadly cat-and-mouse exercise as secrets are revealed. 

Warner Bros. produced the original movie, full of in-jokes and starring James Coburn, Raquel Welch, James Mason, a young Ian McShane and Dyan Cannon, spoofing the late superstar agent Sue Mengers. The movie also featured the song "Friends," sung by Bette Midler, over its closing credits. 

The remake at one point was in development at New Line’s big sister, Warner Bros., with Joel Silver attached to produce.

A search for a writer is under way.

Flynn was one of the producers behind New Line’s monster hit Journey 2: The Mysterious Island, which grossed $325 million worldwide. His upcoming films include the remake of Red Dawn, which Film District opens Nov. 21, and Hansel and Gretel: Witch Hunters, which Paramount releases Jan. 11.