Every single hit '80s TV show is being remade right now, so it's Dynasty's turn.

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Following in the footsteps of The A-Team, MacGyver and Magnum, P.I. (just to name a few), '80s drama Dynasty is being revived by The CW for dinner party fights, drink-throwing and posh accents reinvented for the social media generation.

According to The Hollywood Reporter, we can at least breathe a slight sigh of relief since this reboot is being developed by The OC producers Josh Schwartz and Stephanie Savage. If anyone knows soapy drama, it's these two.

The pitch for this remake is: "The Rolls Royce of all primetime soaps, returns in a modernised reboot that follows two of America's wealthiest families, the Carringtons and the Colbys, as they feud for control over their fortune and their children.

"The series will be told primarily through the perspectives of two women at odds: Fallon Carrington - daughter of billionaire Blake Carrington - and her soon-to-be stepmother, Cristal - a Hispanic woman marrying into this WASP family and America's most powerful class. In an age where dynasties appear everywhere - from reality TV to the polling booths - this epic drama features the one percent in all its glitz and gloss, while exposing the dark underbelly: a corrupt world built on backroom deals, betrayal, and, in some cases, murder."

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Let's just hope this reboot lasts a bit longer than those Melrose Place and Dallas revamps that were cancelled well before their time.

The original Dynasty starred Dame Joan Collins, John Forsythe, Heather Locklear and Linda Evans during its run on ABC from 1981 to 1989.

Dynasty's creators Richard and Esther Shapiro are involved in The CW's remake as executive producers.

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