Franc Reyes, who helmed "Empire," the highest-grossing film to come out of the Sundance Film Festival in 2002, has signed on to rewrite and direct a remake of RKO's boxing drama "The Set-Up." The redo has been in the works for some time, with a series of writers -- from Sidney Lumet and Tony Lee to Mardik Martin -- turning in drafts during the past several years. "Set-Up" is being produced by RKO's Ted Hartley and executive produced by Aaron Ray and Paul Speaker.

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