Studio bosses at Sony Pictures are developing a remake of hit 1997 horror film I Know What You Did Last Summer.

The executives have recruited Oculus co-writers Mike Flanagan and Jeff Howard to pen the screenplay for the thriller, which was originally adapted from author Lois Duncan's 1973 novel of the same name.

The first big screen adaptation featured Jennifer Love Hewitt, Sarah Michelle Gellar, Ryan Phillippe and Freddie Prinze Jr., and grossed over $125.6 million (£78.5 million) at the worldwide box office.

A sequel, I Still Know What You Did Last Summer, was released the following year (1998).

According to, bosses at Sony are aiming for a 2016 release for the reboot.