Hammer is set to develop a remake of their own 1957 Yeti-themed film "The Abominable Snowman".
The new version of the monster movie is being developed in association with Ben Holden who produced 2012's "The Woman in Black" film for Hammer.
Matthew Read and Jon Croker are penning the script for the new version which a scientific expedition's illegal ascent up a peak of one of the World's most formidable mountains.
They accidentally awaken an ancient creature that could spell certain death for them all. Forrest Tucker and Peter Cushing starred in the original.
The company is currently in production on the sequel "The Woman in Black: Angel of Death" in the UK.