Disney is set to remake science fiction classic 20,000 Leagues Under The Sea, with filming taking place in Australia.
The Walt Disney Studios is making a new version of the 1954 Oscar-winner, and the Australian government has said it is putting up 21.6 million Australian dollars to host the filming.
David Fincher of The Girl With The Dragon Tattoo and The Social Network will direct, said Disney Asia-Pacific spokeswoman Alannah Hall-Smith.
"No casting decisions have been made," she said, so the filming schedule and locations haven't been set.
Sydney's The Daily Telegraph newspaper reported that producers were believed to have been in discussions with Brad Pitt, who starred in Fincher's Fight Club. The newpaper reported that Fincher wanted Pitt for the film's hero Ned Land.
The story centres on Captain Nemo and his submarine the Nautilus. Jules Verne's book was made into an Academy Award-winning movie with Kirk Douglas starring as Land and James Mason as Nemo.
The announcement comes after The Wolverine, starring Australian actor Hugh Jackman, recently wrapped filming in Sydney. The government paid Fox Studios 12.8 million Australian dollars to film Down Under.
Prime minister Julia Gillard said The Wolverine created more than 1,750 jobs, contracted more than 1,027 Australian companies and generated 80 million dollars in investment. She expects 20,000 Leagues Under the Sea will create more than 2,000 jobs.
"The securing of this film is a huge coup for the Australian film industry and for the near 1,000 local businesses that will be providing goods and services for the film," she said in a statement.