Paramount Vantage is set to remake the Hong Kong action movie "Breaking News" says The Hollywood Reporter.
Joel Schumacher is in negotiations to direct and Alex de Rakoff is writing the script for the movie.
The story is set in motion when a TV news unit broadcasts live an embarrassing defeat of a police battalion by five bank robbers in a ballistic showdown. While on a separate investigation and stakeout in a run-down building, a detective discovers the hideout of the robbers.
But the situation is complicated by an inspector who, in order to beat the media at its own game, decides to turn the stakeout into a breaking-news show. The original was directed and produced by acclaimed filmmaker Johnnie To.
