2nd UPDATE WEDNESDAY: The Say Anything series is officially dead. Here is our story.

UPDATE MIDNIGHT: The Say Anything series project is in jeopardy over a strong objection from Cameron Crowe. Read our story.

PREVIOUS: Fire up the boomboxes. Say Anything…, one of the definitive Generation X movies, is being revisited as a series for Generation Ys. The single-camera comedy, from Aaron Kaplan’s Kapital Entertainment and 20th Century Fox TV, whose film studio sibling produced the 1989 Cameron Crowe movie, has received a script commitment plus penalty from NBC. Justin Adler (Better Off Ted) is writing the project, which is set a decade after the events in the movie, and will executive produce with Kaplan. Crowe has no involvement.

The 1989 comedy drama Say Anything marked Crowe’s directorial debut and solidified heartthrob John Cusack’s status as a leading man. The film chronicled the romance between average student Lloyd Dobler (Cusack) and valedictorian Diane Court (Ione Skye) during the summer after their high-school graduation. (Watch a trailer below).  Set in present day, the Say Anything series picks up ten years later.  Lloyd has long since been dumped by Diane and life hasn’t exactly turned out like he thought.  But when Diane surprisingly returns home, Lloyd is inspired to “dare to be great” once again, get Diane back and reboot his life.

NBC brass have been bullish on single-camera romantic comedies following the success of About a Boy last season. The network has two such new entries this fall, A to Z and the upcoming Marry Me.

There is a sense of nostalgia among broadcast executives this season with several 1980s comedic movies getting series treatment. NBC also has Real Genius, based on the 1985 film starring Val Kilmer, as well as Problem Child, based on the film that came out in 1990. Fox is adapting the 1988 Tom Hanks blockbuster Big and is remaking cult 1981 sci-fi dramedy Greatest American Hero.

Kapital Entertainment has four series on the air: The Mysteries Of Laura on NBC as well as Instant Mom, Chasing Life and the upcoming Secrets and Lies. The company’s broadcast sales this season include two pilot commitment, one for drama Broad Squad, a period female cop procedural, at ABC, and a Dana Klein comedy at Fox. Kaplan also has a family comedy starring e Chevy Chase and Beverly D’Angelo at ABC with a production commitment.

Adler is repped by UTA and Ken Richman.