We’ve seen this one come and go a lot over the last few years. With ‘The Crow’ having such a strong fan following the producers have tried many variations on the project to get it off the ground and flying again.

The Wrap recently reported “The Crow” director Corin Hardy signed a holding deal with Relativity, which will make the comic book movie its first post-bankruptcy production in March. The deal was made recently to ensure rights did not fall back to Edward R. Pressman, the producer to the original film. The original agreement was that if principal filming did not start within three years of said first signed deal, rights would revert back to Pressman

There’s no star currently attached to play Eric Draven, who returns from the dead to track down his killers with the help of a mystical crow, but locking in Hardy is a good sign for the project and its progress to the big screen.

The director’s involvement had been up in the air as recently as late September when “The Crow” producer Edward R. Pressman filed an objection to the project’s inclusion among Relativity’s list of assets as it lined up potential buyers.

According to Pressman’s filing, Relativity has invested “in excess of $7 million” in “The Crow” remake, including $2.5 million to exercise the options to acquire and maintain the property’s sequel, prequel and remake rights, which revert back to Pressman if principal photography does not start within three years from when the deal was signed. With production slated to start in the first quarter of 2016, Relativity is in no longer in danger of losing the rights.

Relativity remains in the midst of ongoing efforts to reorganize in the wake of declaring bankruptcy, and “The Crow” is the company’s top production priority.

Hardy was recently nominated for a British Independent Film Award for Best Debut Director for his creature feature “The Hallow,” which debuted at the Sundance Film Festival earlier this year. The genre movie will be released later this week in select theaters and on VOD.

“The Crow” is a remake of Alex Proyas‘ 1994 classic action movie starring Brandon Lee that was based on the beloved graphic novel by James O’Barr. Jack Huston was attached to star in the film but he dropped out due to a scheduling conflict once the start date shifted.

Let’s hope this production keeps making positive steps forward. ‘The Crow” is something we would love to see again.