River Phoenix and Ethan Hawke's debut movie is set for a remake.

Cult 1985 film Explorers will be remade for Paramount by Josh Appelbaum and Andre Nemec, the brains behind blockbuster Mission: Impossible - Ghost Protocol.

It will be based on a new script written by Geoff Moore and Dave Posamentier.

Director Joe Dante's Eighties film followed the adventures of three teenage pals who create a space ship.

The original flopped at the box office in the summer of 1985, but it became an unlikely hit when it was released on video.