Alcon Entertainment has set plans for a remake of the 1991 action-thriller “Point Break.”

Alcon co-founders and co-CEO’s Broderick Johnson and Andrew Kosove announced Monday that they had secured rights to the project from RGM Media, John McMurrick and Chris Taylor.

Kosove and Johnson will produce with Michael DeLuca, John Baldecchi, Chris Taylor and Kurt Wimmer, who also wrote the screenplay.

RGM Media principal Devesh Chetty and investor John McMurrick, chairman of Marloss Entertainment, will executive produce.

Alcon said the film is being fast-tracked, with the filmmakers set to take the project out to directors soon.

“The new version is set in the world of international extreme sports, and like the original involves an undercover FBI agent infiltrating a criminal ring,” Alcon said.

In addition to the feature rights, Alcon has also secured television and gaming rights.

The Kathryn Bigelow original, starring Keanu Reeves, Patrick Swayze and Gary Busey, was produced by Largo Entertainment and released by Fox.