Spike Lee to direct Oldboy remake!

From Deadline:

Mandate Pictures just announced that Spike Lee will direct Oldboy, a remake of the cult 2003 South Korean film directed by Park Chan-wook that won the Grand Jury Prize at the 2004 Cannes Film Festival. Mark Protosevich has adapted the screenplay and will co-produce; Roy Lee and Doug Davison will produce via Vertigo Entertainment with Lee's 40 Acres & A Mule. Mandate president Nathan Kahane will executive produce. Lee and Protosevich are repped by CAA. Dan Freedman, SVP business affairs, negotiated the deals for Mandate.

This is the project that Steven Spielberg and Will Smith were looking to collaborate on back in 2008, with DreamWorks seeking the remake rights at the time. The film originally was set up at Universal before Mandate took over. The story centers on a man who is kidnapped on his daughter's birthday and held for 15 years in solitary confinement without explanation. He is eventually released and sets out on a path to take revenge on those who destroyed his life.