Mary Parent has green lit her first musical since arriving as chairman of the worldwide motion picture group at MGM and announced that the studio will revisit its 1983 comedy Valley Girl.

The inspiration comes from an idea by Idealogy Inc's Sean Bailey and Matt Smith that will update the storyline and set it to reimagined classic songs from the Eighties.

Gone Baby Gone producer Bailey will produce Valley Girl through Idealogy Inc and Smith will serve as executive producer. MGM's vice president of production Becky Sloviter will oversee for the studio.

Idealogy Inc. is represented by Endeavor and attorneys Hansen, Jacobson, Teller, Hoberman, Newman, Warren & Richman.