The project, which is expected to start shooting in the summer in the U.K. and New York, has been in the works for several years. Jang Joon-hwan, who directed the original South Korean movie, was previously attached to helm the English-language remake, based on a screenplay by Will Tracy, whose credits include HBO’s “Succession” and Searchlight’s “The Menu.”

An eccentric black comedy, the story revolves around a disillusioned young man who captures and tortures a businessman whom he believes to be part of an alien invasion. A battle of wits ensues between the captor, his devoted girlfriend, the businessman and a private detective.

The project would mark Lanthimos and Stone’s sixth collaboration. The pair first worked together on “The Favourite” and will next have “Kinds of Kindness,” an anthology film which also stars Jesse Plemons, Willem Dafoe and Margaret Qualley.

The remake project also reteams Lanthimos with Ed Guiney and Andrew Lowe at Element Pictures for the sixth time. The banner will produce the movie alongside Ari Aster’s Square Peg and CJ ENM (previously named CJ Entertainment).

Green Planet became a cult hit and festival favorite for CJ Entertainment when it came out in 2003. It won prizes at fantasy festivals including those in Bucheon, Buenos Aires and Brussels, and markets including Rotterdam, Tokyo Filmex and Moscow. It also earned Jang the Golden Bell Award for best new director in Korea.