Filmmakers will soon attempt to recreate the incredible storytelling success of Christopher Nolan's 2000 thriller "Memento" with a new remake.

According to Variety, the rights to the film were acquired by AMBI Pictures following a sell-off from the original owner, Exclusive Media Group, which released its entire film library back in September.

With the rights to the film secure, AMBI has announced that they have green lit production of the remake. The company will finance the film under the umbrella of a new film fund initiative, which has set aside $200 million for various projects.

The original film, which Nolan made based on a short story by his brother Jonathan Nolan titled "Memento Mori," starred Guy Pearce in the lead role as a man who suffers from a severe case of amnesia. The protagonist cannot form any new memories following a blow to the head, recalling little beyond the moment his wife was murdered.

The former insurance investigator takes it upon himself to track down the person who killed his wife. However, as he makes progress on the case, he cannot remember anything about the info he has gathered. So he starts to tattoo the clues to his investigation on his own body in order to support his search.

Meanwhile, the movie itself features a split timeline. One timeline moves forward with the story in black-and-white scenes, while a simultaneous story moves backward in time in color scenes.

"'Memento' has been consistently ranked as one of the best films of its decade. People who've seen 'Memento' ten times still feel they need to see it one more time," Andrea Iervolino, an anchor investor in the fund, told Variety. "This is a quality that we feel really supports and justifies a remake. The bar is set high thanks to the brilliance of Christopher Nolan, but we wouldn't want it any other way."