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The director, who is attached to produce the Paramount project with Alex Kurtzman and Roberto Orci, is reportedly impressed with Paul Attanasio's latest script for the spy thriller, which reinvents the Cold War agent as a contemporary hero in the mould of Jason Bourne.
Spielberg's complicated relationship with the studio may prove a stumbling block in his bid to direct Matt Helm. The filmmaker and his DreamWorks company parted ways with Paramount last year, with Spielberg retaining an option to co-finance and co-distribute several of the projects he was working on before the split.
The Helm movie is completely owned by Paramount and the studio is thought to be concerned that Spielberg's directing fee will be too high for an untested action franchise.
The Helm character appeared in 27 novels and was portrayed by Dean Martin in a series of '60s spy films. He was revived for a short-lived TV show in 1975.
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