Over two decades after the original, Michael Douglas is making another sequel to his 1984 film Romancing the Stone.
The first sequel, 1985's Jewel of the Nile was a rather lacklustre movie, but the new sequel, which is called Racing the Monsoon, will feature Douglas' Oscar-winning Welsh wife Catherine Zeta-Jones, as well as Bourne Identity star Matt Damon, so it promises to be much better.
Douglas and Zeta-Jones will be relocating to Indian in order to film the sequel in Mumbai, Kolkata and Jaisalmer and the film promises to provide a real boost to the already-thriving Indian film industry.
It is thought that Racing the Monsoon will be an action adventure movie that tells the story of a diamond heist that takes place onboard an Indian train.
The film signifies the first fully-fledged Hollywood-Bollywood co-production to date.
Ms Zeta-Jones said that she was excited about shooting the film and spending some time in India, she said: "I'm looking forward to going to India.
Michael and I are developing a script that will be set in India.
We will take our kids and all of us will come there, set up camp in India and shoot a film.
" Douglas also said that he was pleased to be going to India, declaring that he had been closely studying Indian culture.
He said: "India is making a large impact in the US, be it culture, design, fashion or films which are splashed everywhere in the world.
I have been closely following and studying Indian culture and I'm fascinated by it.
" Michael Douglas' own production company, Further Films, and Indian production house Percept Picture Company (PPC), which is co-run by Shailendra Singh - a friend of Douglas', will finance the £30 million film.
Ms Singh said: "Michael being a friend, had approached us to partner him and we agreed.
Percept will raise the cost for the Indian part of the production.
" Michael said that he was happy to be working with the Percept Picture Company, he explained: "When the subject of films came up, Percept showed interest.
As I was looking for partners in India to do films here, I was happy things worked out.
" Ms Singh believes that making Racing the Monsoon in India will have a positive impact on the Indian film industry as a whole.
She said: "With more films like Racing the Monsoon coming to India, imagine the kind of exposure, interaction and employment that will be generated for Indian technicians and artists.
" Steve Carr is expected to be announced as director of Racing the Monsoon.
His previous credits include Daddy Day Care, Next Friday and Doctor Doolittle 2.