Variety reports that Lou Adler, the executive producer of the 1975 film, will partner with BermanBraun and Fox Television Studios for the new film, which will utilize the original Jim Sharman and Richard O'Brien screenplay. Additional music may be added to the remake.
No director or casting have been announced for the MTV telepic.
Adler told Variety, "I'd like to see it shown a year from this coming Halloween, but that's up to MTV."
Gail Berman and Lloyd Braun will executive produce the film, and Fox is currently in discussions with BSkyB and Sky Movies to help finance the film and distribute the product abroad.
The Rocky Horror Show bowed in London in 1973. It played Broadway's Belasco Theatre from March 10, 1975 through April 5, 1975, with a cast led by Tim Curry, Jamie Donnelly and Meat Loaf. The 1975 film also cast Curry as Frank-N-Furter opposite Susan Sarandon's Janet Weiss and Barry Bostwick's Brad Majors. The recent, Tony-nominated revival at New York's Circle in the Square Theatre boasted a cast that comprised Dick Cavett, Lea DeLaria, Jarrod Emick, Tom Hewitt, Joan Jett, Alice Ripley, Daphne Rubin Vega, Raúl Esparza, Sebastian LaCause and Kevin Cahoon.