Notorious Kevin Costner flop ‘Waterworld’ to get a remake?

It could be revived as a TV series or brand new movie, but the budget will be smaller this time

A remake of legendary Kevin Costner flop Waterworld is reportedly in the works.

According to Forbes, US cable TV network Syfy is hatching plans to revive Waterworld either as a TV series or a brand new feature film.

The original Waterworld starred Costner, Dennis Hopper and Jeanne Tripplehorn as survivors in a post-apocalyptic world flooded by the melting of the polar ice caps. The film cost a whopping $235 million (£146 million) to make and market, earning it the title of “most expensive movie ever” at the time.

When it came out in summer 1995, Waterworld bombed at the box office, but the film is said to have recouped its budget thanks to relatively strong home video sales. According to Forbes, Waterworld attracts a surprisingly large audience whenever it airs on Syfy, prompting talk of a remake.

However, the mooted remake would have a much smaller budget than the costly original. The Syfy TV network apparently wants to break into the movie market by exploiting a gap for cheaper sci-fi films – ones that focus on storytelling rather than special effects and star names.