Warner Bros. Considering Never Ending Story Remake

The new pic -- which original producer Dieter Geissler also will produce and Sarah Schechter and Jesse Ehrman will oversee for Warners -- will examine the more nuanced details of the book that were glossed over in the first pic.

Wolfgang Petersen directed and Neue Constantin produced the original for Warners, which earned a respectable $20 million when it was released in 1984. The film has had a long life on home video and an even larger influence on popular culture, prefiguring Harry Potter and other present-day children's fantasies.

A sequel directed by George Miller came out in 1990 and earned $17 million; a third movie followed in the U.S. in 1996 but quickly went to video.

Those familiar with the project emphasize that it is in its early stages and that writers have not been attached.