MGM is totally remaking 'Valley Girl' (VAR)

By Nancy Tartaglione-Vialatte

MGM is, like, so developing a �Valley Girl� remake � and this time it�s a musical. In trade reports today, word is that the update will meld the narrative with classic 80s tunes in a novel twist on the cult comedy. Idealogy's Sean Bailey and Matt Smith are behind the project.

Bailey will produce and Smith will executive produce.

The 1983 original starred Nicolas Cage and Deborah Foreman as directed by Martha Coolidge. Foreman was a total valley girl who meets cute with Cage�s punk character until they are pulled apart by their conflicting lifestyles. But, there is a happy ending.

That film was written and produced by Wayne Crawford and Andrew Lane, and included a distinctive New Wave soundtrack that included Modern English, The Plimsouls and the Psychedelic Furs.

While MGM has been developing a remake of "Fame," this marks the first foray into musical terrain for new worldwide motion picture group chairman Mary Parent, The Hollywood Reporter notes.

Bailey is a "Project Greenlight" veteran and most recently produced Ben Affleck's directorial debut, "Gone Baby Gone." He also has "Tron" sequel, "Sabbatical" and "Liberty" in development at Buena Vista. Further, he is developing "The Unlimited," a pilot for ABC Studios.