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FILE - This Sept. 22, 2013 file photo shows, from left, Executive Producer Michelle MacLaren and Producer/ Creator Vince Gilligan of "Breaking Bad" at the Governors Ball at the 65th Primetime Emmy Awards at Nokia Theatre in Los Angeles. MacLaren, a prolific television director known for her work on “Breaking Bad,” “The Walking Dead,” and “Game of Thrones,” has departed the comic book film, “Wonder Woman” and its development, due to creative differences, Warner Bros. announced Monday, April 13, 2015. (Photo by Richard Shotwell/Invision/AP, File) Image Credit: Richard Shotwell/Invision/AP

With live action fairy tales still all the rage (Cinderella has now made more than $450 million (Dh1.6 billion) worldwide and Beauty and the Beast is currently in production), Disney has decided to go down the revisionist route with Jack and the Beanstalk.

The studio is working alongside Vince Gilligan, the creator of hit show Breaking Bad, to craft a new version of the classic story, according to The Hollywood Reporter.

Negotiations are under way for the collaboration that takes Jack, the giant and the beans and crafts them into something different. The script will be written by Thomas Schnauz, who was a writer and co-executive producer on Breaking Bad and has been working on spin-off show Better Call Saul. The project will be produced by Gilligan and Mark Johnson, also a producer on Breaking Bad as well as The Notebook and Shooter.

The last attempt to bring the story to the big screen, 2013’s Jack and the Giant Slayer, which starred Nicholas Hoult and Ewan McGregor, only made $65 million in the US from a $195 million budget.