The last time we checked on Brewster’s Millions, Richard Pryor and John Candy were rolling in it. That was 1985. Brewster's MillionsNow Robert Townsend has signed on to direct a remake scripted by Michael William Schmidt and produced by Joseph and Jack Nasser. The story, based George Barr McCutcheon’s 1902 novel, centers on Monty Brewster, who is set to inherit $1 billion, with one key caveat: He must spend $100 million in one week or end up right back where he started – with nothing more than the clothes on his back. No cast has been announced for the pic, on which APA will handle domestic sales.

Townsend launched his career with the 1987 feature Hollywood Shuffle, which he directed, produced, co-wrote and starred in. Other feature writer-director-actor credits include The Five Heartbeats and The Meteor Man. and TV’s The Parent ‘Hood. He is repped by APA and Laffmobb Enterprises.