Lantica, the media company led by CEO Antonio Gennari that works in production and financing as well as studio space, will finance the movie with a plan to begin principal photography March 2016 in Pinewood Dominican Republic Studios.

Veteran producer and Sobini CEO Mark Amin, whose credits include Good Kill and Frida, will produce the film.

Pantelion Films will handle international sales with sales launching at the Toronto Film Festival.

Zorro Reborn is a post-apocalyptic take on the myth of Zorro, the pulp hero created in 1919. The traditional stories cast Zorro as a hero of peasants and farmers who fought against corrupt and brutal officials of Spanish-held California. Reborn is set in the near future but keeps the idea of a masked and caped stranger taking on tyrants.

The project had been previously set up at 20th Century Fox with names such as Bryan Singer, Ricardo de Montreuil, Gary Whitta and Justin Marks involved with it over the years.

A search is underway for a filmmaker to tackle the project.

"This has been a 15-year journey filled with ups and downs, but it has remained my passion project over the years," said Amin.

"Every generation has its own Zorro hero and we’re proud to be able to introduce a new Zorro to this generation," said Gennari.

Albert Martinez Martin is overseeing production for Lantica Pictures. Cami Winikoff and David W. Higgins will executive produce on behalf of Sobini.