Cloverfield director Matt Reeves (pictured) will write and direct the English-language adaptation of Tomas Alfredson's acclaimed Swedish contemporary vampire feature Let The Right One In for Overture Films and London-based Hammer Films.

Let The Right One In will be the first in a new two-film co-production, financing and distribution deal between Overture Films and HS Media, the parent company of Hammer Films and LA-based Spitfire Pictures that launched in Cannes. The second film will be announced shortly.

Based on the bestseller of the same name by Swedish author John Ajvide Lindqvist, Let The Right One In follows the friendship between an introverted young boy and a mysterious girl who arrives in town and happens to be a vampire.

Hammer acquired remake rights at the 2008 Tribeca Film Festival, where the film won the Founders Award for best narrative feature. The film will be produced as a Hammer Films and Overture Films production with Overture eyeing a 2009 release.

Hammer Films' Simon Oakes, Spitfire Pictures' Guy East and Nigel Sinclair and Swedish producers John Nordling and Carl Molinder are producing with Spitfire's Alex Brunner and Tobin Armbrust serving as executive producers along with John Ptak, Philip Elway and Fredrik Malmberg.

Overture's executive vice president of production and acquisitions Sean Furst will oversee production for the studio.

'Overture is excited to be in business with HS Media and such an imaginative film-maker as Matt Reeves,' Overture's chiefs Chris McGurk and Danny Rosett said. 'Let The Right One In is the perfect project to kick off what will hopefully be a long and successful partnership.'

'We're very excited to enter this partnership with Overture on two upcoming films from HS Media,' Oakes said. 'Chris and Danny have a great distribution operation that we know will give the films the best chance to succeed in the theatrical marketplace. Matt Reeves is an amazingly talented director with a clever vision for remaking Let The Right One In. We're thrilled that he is on board and can't wait to move forward on this film.'