The Weinstein Co. and Celestial Pictures Limited are going back to the 1960s-70s Hong Kong action cinema archives to partner on a pair of English-language Shaw Bros. martial arts remakes. 1978’s The Avenging Eagle starred Hong Kong vet Ti Lung (Drunken Master II, A Better Tomorrow) as an orphan-turned-assassin who rethinks his murderous lifestyle. King Hu’s classic Come Drink With Me starred actress Cheng Pei-pei as a lethal warrioress on a quest to rescue her kidnapped brother. That tale could be a career-making showcase for an up-and-coming actress, like the original was for Cheng who later went on to appear in Crouching Tiger, Hidden Dragon. Both pics will take aim at the coveted Chinese market as TWC and Celestial take aim at a global audience. Here’s today’s announcement:

New York, NY – July 23, 2013 – The Weinstein Company (TWC) and Celestial Pictures Limited (Celestial Pictures) announced today that they are partnering on remakes of two classic 1970s martial arts titles: THE AVENGING EAGLE and COME DRINK WITH ME. Both original films are part of the renowned Shaw Brothers library, the largest Chinese-language feature film library in the world. The two films with TWC will mark Celestial Pictures’ first English-language martial arts remakes of Shaw Brothers’ films. Harvey Weinstein and David Thwaites will be producing; John Fusco, who is also set to pen the screenplay for the upcoming sequel CROUCHING TIGER, HIDDEN DRAGON II: THE GREEN DESTINY, is confirmed to write both projects.

In the thriller THE AVENGING EAGLE, a cabal master known as King Eagle raises orphans to be his own personal thugs in an outlaw band called The Thirteen Eagles – The Assassins Of The Iron Boat Clan. One of the orphans decides to rebel and strike out on his own, leading the rest of the group to want him dead. He joins up with a mysterious warrior and proceeds to take down King Eagle. The original film, directed by Sun Chung, was released in Hong Kong in 1978, winning awards such as “The Most Outstanding Actor” (Ti Lung) at the Asian Film Festival and “Best Editing for Drama” (Chiang Hsing-loong) at The Golden Horse Awards.

A ruthless band of thugs kidnap a young official as hostage to exchange for their captured leader in COME DRINK WITH ME. The prisoner’s sister, highly skilled martial artist Golden Swallow, is sent to free him. Although she is able to handle the overwhelming odds, she is hit by a poison dart, and needs help from a beggar who is really a Kung-Fu master in disguise. With his help, she forms a plan to get her brother back. The original film was directed by King Hu, who is best known for directing various wuxia (Kung-Fu) films in the 1960s and 1970s. This was his first success and remains a classic of the wuxia genre, catapulting the then 20-year-old starlet Cheng Pei-pei (CROUCHING TIGER, HIDDEN DRAGON) to fame. The original film, released in Hong Kong in 1966, participated in various film festivals such as New York Film Festival, Festival de Cannes and Tokyo International Film Festival.

Said TWC Co-Chairman Harvey Weinstein: “Shaw Brothers and Sir Run Run Shaw were responsible for ushering some of the first great, legendary Asian filmmakers and acting talent onto the world stage. It’s an exciting opportunity to be bringing new life to these two classic films and taking them into the global market with Celestial Pictures.”

“Audiences in Asia and indeed the world over have enjoyed classic titles from the Shaw Brothers library for decades,” commented Ralph Marshall, Director of Celestial Pictures. “With Harvey Weinstein and TWC, we have the best possible partners to reinvent THE AVENGING EAGLE and COME DRINK WITH ME for a new generation. With further productions in development, and the imminent release of library titles globally on digital platforms, Celestial Pictures will continue to showcase its rich, enthralling and iconic stories and characters in new and innovative ways”.

The deal for THE AVENGING EAGLE and COME DRINK WITH ME was negotiated by David Glasser for TWC with Kristen Tong for Celestial Pictures.