Yes, I can hardly believe they are remaking the classic movie Clash of the Titans, but they are. Warner Brothers already had a crack back in 2002, but now they've assigned a new scriptwriter to develop another version.

From Variety through Coming Soon:

Warner Bros. Pictures has hired screenwriter Travis Beacham to pen a remake of the 1981 cult classic Clash of the Titans, says Variety. Basil Iwanyk's Thunder Road is producing...

...The storyline will still revolve around Perseus' journey to save the Princess Andromeda, during which he must complete various tasks set out by Zeus, including capturing Pegasus and slaying Medusa.

I'm not excited about this at all, how can you touch on a film that is made classic because of its excellent, groundbreaking effects and its roughness? Answer me this, how do you make this tale more realistic, and why would you want to? Set it in modern day New York perhaps?