The $60m epic will likely shoot in the next two years.
Kormakur’s passion project, which will shoot in the English language, is set to be the largest film production in the country’s history, with a budget estimated at about $60m.
Kormakur devised the story and co-wrote the screenplay with Olafor Egilsson, who also worked on White Night Wedding.
Kormakur’s own production outfit Blueeyes is also on board and Kormakur would co-produce in addition to directing.
He hopes to make the film in the next two years.
The director has been working recently with Working Title/Universal on Mark Wahlberg-starring Contraband, a remake of Reykjavik-Rotterdam [which Kormakur starred in and produced].
Meanwhile, Kormakur has The Deep (Djupid) in post production. That survival story, starring Olafur Darri Olafsson, is based on the true tale of a young fisherman who swam for five hours in icy waters after his comrades perished at sea.
Kormakur’s past films include 101 Reykjavik, Jar City and A Little Trip To Heaven.