"We feel incredibly lucky to have an icon creating a new take on an iconic character," said producer David Katzenberg. "Mark is a gifted actor and celebrated vocal performer, and he’s approached this challenge with incredible energy and commitment."

The film will follow the same plot of the original, centering on Karen (Plaza), a single mother who gifts her son Andy (Bateman) a toy doll, unaware that it possesses the soul of a serial killer.

Lars Klevberg (Polaroid) is directing the pic from a script penned by Tyler Burton Smith (Kung Fury 2). Seth Grahame-Smith, Katzenberg and Aaron Schmidt are producing.

The original 1988 film grossed over $44 million worldwide on a $9 million budget and spawned one of the most recognizable and successful horror characters in cinema with its psychotic killer doll.

Child’s Play is set to hit theaters June 21.