U gilds ‘Lily’ with update of 1935 comedy

VP Bario to o'see development of Colbert starrer redo

Universal Pictures has pacted with producer Michael Besman (“Bounce”) and scribe Nicole Eastman to produce an update of the 1935 romantic comedy “The Gilded Lily.”

In 1935, Variety reviewed the film and said: “Fred MacMurray and Ray Milland love the girl, the one as a matter-of-fact mugg, the other as a semi-cad son of an English duke. Claudette Colbert is idealistic and romantic and falls for the Briton, but rebounds for the clinch into the arms of the unembossed Yankee.”

Eastman will put a contempo spin on the story, which she pitched with Besman. U VP Holly Bario will oversee the project’s development.

Although Paramount Pictures released “Gilded” in 1935, U now holds the remake rights thanks to various library acquisitions.

Eastman previously penned the romantic comedy “The Ugly Truth” that Barry Sonnenfeld is attached to direct. That pic is set up in a split-rights deal between Steve Reuther’s Bel-Air Entertainment and Sony Pictures Entertainment, which will handle domestic distribution.

Besman is currently producing “About Schmidt” for helmer Alexander Payne (“Election.”).

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