The UK's Sky Movies is co-financing a remake of musical hit The Rocky Horror Picture Show.

The original film's executive producer, Lou Adler, is working with BermanBraun and Fox TV to remake the cult classic for MTV in the US and SkyMovies in the UK.

Cast and director will be announced later. Adler and Gail Berman will executive produce.

The original screenplay by Jim Sharman and Richard O'Brien (a co-producer on the new film) will be used.

SkyMovies will offer the UK premiere and offer the film on Sky Player and Sky Anytime.

Under the terms of the deal the film will have its UK premiere exclusively on Sky Movies, who have co-financed the new production and will also be made available via Sky Player and Sky Anytime.

Adler said: 'The Rocky Horror phenomenon has a life of its own that has reincarnated itself in numerous ways since its birth. Our hope has always been that each new endeavour and rebirth will expose the Rocky Horror experience to new audiences and expand the fan base.'

Ian Lewis, Director of Sky Movies & Sky Box Office, added: 'Rocky Horror is a global phenomenon with millions of devoted fans around the world. An opportunity to update the show for the 21st century, while keeping many of the elements that made it such a success in the first place was therefore just too good to pass by. We're very excited to be bringing this exclusively to Sky customers in the UK.'