Del Toro helming 'Mountains Of Madness'

Guillermo del Toro will next make a 3D adaptation of H.P. Lovecraft's tale At The Mountains Of Madness.

The Hellboy director has teamed up with producer James Cameron to steer the big budget horror movie for Universal.

Lovecraft's serialised story centres on a scientific expedition to Antarctica where a geologist discovers a chain of mountains that leads to the remains of uncharted life forms.

Del Toro has spent several years attempting to get the project made and has often cited budget requirements as a reason why the project has been long in-development.

He recently told Coming Soon: "What Mountains Of Madness is is a throwback to something nobody does anymore, it's tentpole horror. Everybody now understands horror as minimum investment, maximum return... The studio sees horror movies as something they will not invest more than $30-40 million [in]. Mountains Of Madness needs to be tentpole in the way that the tentpole movies of the past were, about $130 million."

At The Mountains Of Madness is being scheduled for production next summer.

Del Toro is also working on a remake of Disney's The Haunted Mansion.