Lakeshore Entertainment has come onboard to produce and finance a remake of “What Ever Happened to Baby Jane?”

Project was first announced in July, with Walter Hill directing from his adaptation of the novel by Henry Farrell and the Aldrich Co. producing.

Lakeshore Entertainment’s Tom Rosenberg and Gary Lucchesi will be producing along with the Aldrich Co.’s Adell Aldrich.

The original production was directed and produced in 1962 by Adell Aldrich’s late father, Robert Aldrich, from a screenplay by Lukas Heller.

“Walter Hill is a great American talent,” Rosenberg said. “His compelling vision has created a brilliant reimagining of this terrifying gothic thriller.”

“What Ever Happened to Baby Jane?” revolves around a decaying Hollywood mansion where Jane Hudson, a former child star, and her sister Blanche, a movie queen from the ’30s, are forced into retirement after a crippling accident. The 1962 thriller starred Bette Davis and Joan Crawford as the sisters.

Hill most recently directed the action thriller “Bullet to the Head,” to be released by Warner Bros. in February.

Hill is represented by ICM Partners and Eric Brooks at Bloom, Hergott, Diemer. Adell Aldrich and the Aldrich Co. are represented by ICM.