Brian Grazer and Ron Howard's production company is teaming with LBI Entertainment on the new version of George Orwell's classic novel, according to The Hollywood Reporter.
Shepard Fairey - the artist best known for his Barack Obama 'Hope' poster - was instrumental in bringing the project to Imagine and LBI, and may take on a producer role.
Nineteen Eighty-Four was published in 1948, famously spinning a story about a dystopian future in which individuality is outlawed and the populace labour under the ever-watchful eye of 'Big Brother'.
The book has been adapted for film and television, most famously in Michael Radford's John Hurt, Richard Burton and Suzanna Hamilton-starring 1984 production.
The producers are currently seeking a writer for the project.
Elton John has been reported to be working on a musical adaptation of Orwell's Animal Farm.
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