Red Bull Media House has signed on to produce “Twist” for Pure Grass Films and the Salt Co.

“Twist,” a 3D retelling of Charles Dickens’ “Oliver Twist” set in the present day, comes from an original idea by the Brothers Lynch and Simon Thomas.

Story will center around the novel’s Fagin Gang, which will use the physical vaulting art of parkour to carry out a series of art thefts in the film.

Red Bull’s Sophokles Tasioulis, Pure Grass’ Ben Grass and Salt’s Piers Tempest will produce the pic and plan to begin pre-production in January.

Just last week, Pure Grass received an undisclosed investment from Moscow-based financier Christophe Charlier, a co-founder of music and sports company Le Castle Film Works. Le Castle will receive a co-producer credit on “Twist.”

Austria-based energy giant Red Bull launched its media and content business in 2007. Company owns television channel Servus TV channel and last year released “The Art of Flight,” an 80-minute film centered on snowboarding.

The Salt Co., an international sales, production and distribution company based in the U.K., has produced pics including the Weinstein Co.’s “Dirty Girl” and the upcoming comedy “Welcome to the Jungle,” starring Jean-Claude Van Damme and Adam Brody.