Who’s gonna pay for this Highlander reboot?

I don’t mean that snarkily, or even with tongue-in-cheek, but literally – who is going to be paying for the new “Highlander” film? Who is going to be laying down the cash for the huge sets and special effects budget (we all know that ‘Quickening’ costs a lot to produce! Atleast five flatplanel TV tubes and a can of gumspray)? Get me? Good… Got an answer today. Press release arrived this afternoon announcing that RCR Media Group will co-finance the remake of the Russell Mulcahy film with Summit Entertainment. They were probably intrigued by the prospect of Justin Lin directing – he’s just given Universal their biggest hit in some time with “Fast Five” so likely wanted onboard the next big ‘Justin Lin’ film. Or maybe they want another credit for their wikipedia page.

RCR MEDIA GROUP TO JOIN SUMMIT ENTERTAINMENT’S HIGHLANDER

CANNES – May 16, 2011 – Summit Entertainment and RCR Media Group confirmed today that RCR will co-finance Summit’s re-imagination of the popular epic adventure HIGHLANDER which is being designed for a global audience.

HIGHLANDER will be directed by Justin Lin from a screenplay written by Art Marcum and Matt Holloway. Neal H. Mortiz and Peter Davis will produce the project. RCR Media Group’s principles Rui Costa Reis and Eliad Josephson will serve as executive producers on the film. Summit acquired the rights to remake the classic from Davis – Panzer Productions, Inc. in May of 2008.

In HIGHLANDER, after centuries of dueling to survive against others like him, Connor MacLeod, an immortal Scottish swordsman must confront the last of his kind, a murderously brutal barbarian, who lusts for the Prize.

RCR Media Group’s Chairman Rui Costa Reis said: “HIGHLANDER is a property that is known around the world and Summit’s re-imagination is sure to appeal to both existing and new fans of the Highlander lore.”

RCR CEO Eliad Josephson said: “We plan on this being the first of many projects we work on with Summit.”

Read more: moviehole