The filmmakers did not say whether the theatrical project would be a prequel or sequel to the 1982 cult sci-fi.

Alcon co-founders and co-CEOs Broderick Johnson and Andrew Kosove will produce with Bud Yorkin, Cynthia Sikes Yorkin and Scott. Thunderbird Films CEOs Frank Giustra and Tim Gamble will serve as executive producers.

Alcon and Yorkin recently announced that they were partnering to produce Blade Runner theatrical sequels and prequels in addition to television and interactive productions.

“It would be a gross understatement to say that we are elated Ridley Scott will shepherd this iconic story into a new, exciting direction,” State Kosove and Johnson said in a statement.

“We are huge fans of Ridley’s and of the original Blade Runner. This is once in a lifetime project for us.”