CANNES -- Italy-based production company First Sun said Thursday that it has acquired the rights to make an English-language version of Dario Argento's 1977 horror classic "Suspiria."

The news about the remake comes a day before the original refurbished Italian-language version of the film is set to screen at the Festival de Cannes to honor the 30th anniversary of its release. Argento is scheduled to be on hand for the screening.

"The original 'Susperia' had a unique style that we want to recapture and reinvest," First Sun chief Luca Guadagnino said. "The concept will encompass cinema, video games, fashion and music that will revive the original version and also include a psychological element to the film that was not there in the original."

Though the film is in the planning stages, Guadagnino said that he is seeking an international director not necessarily associated with the horror genre. First Sun is in talks with writer Scott Heim, who wrote the screen adaptation of "Mysterious Skin" in 2004, and David Gordon Green, who won the Discovery Award at the Toronto Film Festival for "George Washington" in 2000, Guadagnino said.

Guadagnino said production of the new "Suspiria" would start in 2008.