EXCLUSIVE: As producers Joseph and Jack Nasser prepare to unveil the Sundance film For A Good Time, Call…, they’ve made a deal to team with Jan De Bont on Five Minutes to Live, a film that De Bont will direct, based on the 1961 Johnny Cash film.

Written by Raul Inglis (Transparency), the story follows two men as they execute a terrifying bank robbery. One guys holds the bank manager’s wife hostage and the other tells the manager she’ll be killed in five minutes unless he transfers money to an account of their choosing.

Nasser Entertainment/Nasser Group North is financing the pic. Paradigm Motion Picture Finance Group is packaging the project and represents North American rights. Casting will begin immediately.

The Nassers executive produced the Jamie Travis-directed phone sex comedy For A Good Time, Call…, with an ensemble cast that includes Justin Long, Ari Graynor, Lauren Anne Miller, Mark Webber, James Wolk, Nia Vardalos, and Mimi Rogers, and a cameo appearance by Seth Rogen. De Bont last helmed Lara Croft Tomb Raider: The Cradle of Life and The Haunting, as well as Speed and Twister. Paradigm made his deal.