Danny and Oxide Pang's chiller The Eye could be the next Asian picture lined up for Hollywood remake treatment.

Under a deal brokered by Roy Lee of Vertigo Entertainment, remake rights are to be acquired by Tom Cruise and Paula Wagner's Cruise/Wagner company with a view to the film being made at a studio. Cruise/Wagner has an ongoing relationship with Paramount Pictures, but no deal has yet been signed with Paramount or any other studio.

The film co-produced by Hong Kong's Applause Pictures and Singapore's Raintree Pictures and sold by Fortissimo Film Sales is a psychological horror picture about a woman whose sight is restored by an operation. Following the surgery she starts to see more than she should.

Lee, whose track record includes half a dozen remakes of Asian films, is also warming up Korean action-drama No Blood No Tears, sold internationally by Cinema Service. Lee has commissioned a writer and the film will be pitched to studios on completion of a re-tuned screenplay.

Vertigo, which has a first-look deal with Miramax, previously set up remakes of Korean films My Wife Is A Gangster at Miramax, My Sassy Girl at Dreamworks and Il Mare at Warner Bros.

"My objective is only to remake films with a wide commercial potential, those capable of being handled through the studio system," said Lee. Speaking at the Puchon International Festival of Fantastic Film (PiFan), he deflected criticism of the remake process and said: "The people I deal with here in Asia are happy to see their ideas reach a wider audience."