Alvarez will write the script with Jay Basu and direct the project, which is set up at Tri-Star. Lisa Henson of The Jim Henson Company will produce. Alvarez and Basu are developing "Girl in the Spider's Web", the sequel to "Girl With the Dragon Tattoo", and will tackle the "Labyrinth" project after that.
Insiders stress that the new project is not a remake nor a reboot but rather a continuation of the story set in the rich Henson universe.
The film is expected to start shooting this fall. Nicole Brown is overseeing for Tri-Star.