Lisa Henson of the Henson Co. will produce the project. “Guardians of the Galaxy” co-writer Nicole Perlman will write the script.
The original musical fantasy movie, released in 1986, starred a 15-year-old Jennifer Connelly as the protagonist who has to navigate a maze to save her infant brother, who had been kidnapped by a goblin king — played by David Bowie, who recorded five songs for the film.
Most of the characters in the film were played by puppets produced by Jim Henson’s Creature Shop. George Lucas executive produced and Monty Python member Terry Jones wrote the screenplay.
“The Labyrinth” carried a $25 million budget and underperformed at the box office, grossing less than $13 million for TriStar, but became successful in home video and DVD. “Labyrinth” was a disappointment for Henson, who had seen success with the first three Muppet movies and “The Dark Crystal.”
Tri-Star’s Nicole Brown will oversee the new “Labyrinth” for the studio. Perlman is writing “Captain Marvel” with Meg LeFauve (“Inside Out”).
Perlman is repped by CAA and Management 360. The news was first reported by The Hollywood Reporter.