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The film's rights were secured in February by film studio Columbia Pictures, which claimed that the remake will be a 'contemporised adaptation', reports The BBC.As of now, no official announcement has been made on who will play the lead role.
The original film was based on the Philip K Dick story We Can Remember It for You Wholesale. The movie details the life of a man who is haunted by a recurring dream of travelling to Mars - where he has never been - and a woman he has never met.
Sharon Stone and Rachel Ticotin also starred in the movie.