D'Works, on 'Time' with WB

The Warner Bros. remake of H. G. Wells’ “The Time Machine” may just have taken a quantum leap forward.

The studio is in serious discussions with helmer Brad Silberling, whom the studio likes, since his work on the Meg Ryan/Nicolas Cage tearjerker “City of Angels,” to direct the project.

And in what is rapidly becoming de rigeur on pricey prestige projects, WB is sharing the risk with DreamWorks, which will co-finance and co-distribute the finished picture.

“The Time Machine” is being developed by WB-based Material Films, spearheaded by producer Jorge Saralegui. Apparently, the script by John Logan will undergo another pass in collaboration with Silberling.

An earlier WB/Orion film using Wells’ invention, “Time After Time,” was released in 1979, when David Warner’s Jack the Ripper time-jumped to present-day San Francisco, with a Wells-looking Malcolm McDowell chasing him down.

Silberling is repped by Endeavor.

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