AceShowbiz -

Adding the number of dance flicks in the Hollywood film industry, Metro-Goldwyn-Mayer is about to make a movie of the genre entitled "Fame", which turns out to be a remake of the 1980 classic directed by Alan Parker and starred Irene Cara and Debbie Allen.

Confirmed the tidbit to The Hollywood Reporter Tuesday, April 17, MGM COO Rick Sands revealed that the studio is intending to retain many of the musical elements of the original that also launched a global television hit and international stage show. A writer and director have been tapped, but the identity has not yet been made public.

"We'll update it, (but) we'll still keep some of the songs," so Sands said about the project. "The script is being written right now, but we are keeping it under wraps. There will be a strong musical component, though."

Budgeted at $25 million, the picture will be set up at Lakeshore Entertainment for a summer 2008 release with Mark Canton serving as producer. Canton, a New York native, recently earned huge success through his producing work of "300", which so far has grossed about $201 million in domestic market only.