Variety reports that Michael and Peter Spierig (both wrote and directed Daybreakers) will direct and John Brownlow will write a remake of “Captain Blood,” for Warner Brothers. Producer Bill Gerber says that although the new version will take place in space instead of on the open seas, it will still remain true to the original story.

Captain Blood was originally released in 1935 and based on Rafael Sabatini’s novel. In Captain Blood Irish doctor Peter Blood is wrongly accuses of treason and is sentenced to slavery in the Caribbean. He plans an escapes his sentence by becoming a pirate.