By Anne Thompson | Thompson on Hollywood March 27, 2013 at 4:09PM
In the Hollywood studios' neverending quest for brand name franchises, MGM has acquired feature film rights to the updated vidgame "Tomb Raider," about a daredevil archaeologist on a series of globe-trotting quests. MGM, which owns some rights to "The Hobbit" and James Bond franchises, will reboot the new action adventure based on the Lara Croft vidgame franchise in partnership with GK Films.
GK Films picked up "Tomb Raider" film rights in 2011 from interactive entertainment company Square Enix Ltd. Graham King will produce and develop the first film. No casting has been announced; Angelina Jolie starred in the first two "Tomb Raider" films in 2001 and 2003 which were released by Paramount, grossing a total of $432 million worldwide, and helped to build her reputation as one of Hollywood's few bankable female action stars.
The original "Tomb Raider" game was published in 1996 by London vidgame company Eidos (now part of Square Enix) and sold over 35 million game units worldwide. The new version of the series, titled "Tomb Raider," was released on March 5, 2013.
MGM is in pre-production on the original film "Hercules," based on the Greek myth, starring Dwayne Johnson and directed by Brett Ratner, to be released by Paramount. The studio has also invested in Paramount's long-delayed "G.I. Joe: Retaliation" (March 28) the Stephen King remake "Carrie," with Sony’s Screen Gems (October 18) and "The Hobbit: The Desolation of Smaug," with New Line/Warner Bros. (December 13). The remake of "Robocop" with partner Sony is scheduled for release February 7, 2014.