Scary Movie is being rebooted, 11 years after the last film - Scream 5 - was released in theaters.

The new take on the famous franchise was revealed by Paramount at CinemaCon on Thursday, according to The Hollywood Reporter.

Paramount will distribute the movie and Miramax is financing it, per the outlet.

The movie, which will be produced by Neal H. Moritz, is expected to start filming in the fall.

Scary Movie is being rebooted, 11 years after the last film - Scream 5 - was released in theaters; Carmen Electra pictured

The new take on the famous franchise was revealed by Paramount at CinemaCon on Thursday, according to The Hollywood Reporter; Regina Hall pictured

Scary Movie was developed by Keenen Ivory Wayans, Marlon Wayans and Shawn Wayans.

They wrote and directed the first two installments of the franchise.

Marlon and Shawn starred in the first two films as well.

Scary Movie was released on July 7, 2000, and served as a parody to hit horror films at the time, including I Know What You Did Last Summer and Scream.

The film starred Carmen Electra, Shannon Elizabeth, Anna Faris, Jon Abrahams, Reginal Hall and Kurt Fuller - in addition to Marlon and Shawn. 

Scary Movie became a huge worldwide hit, with over $278 million at the box office.

The film starred Carmen Electra, Shannon Elizabeth, Anna Faris, Jon Abrahams, Reginal Hall and Kurt Fuller - in addition to Marlon and Shawn; Regina and Anna pictured

Scary Movie 2 was released on July 4, 2001, with Marlon, Shawn, Anna, and Regina joined by castmates Tori Spelling, Andy Richter, Natasha Lyonne and Chris Elliott; Marlon pictured with Tori and Kathleen Robertson

Scary Movie 2 was released on July 4, 2001, with Marlon, Shawn, Anna, and Regina joined by castmates Tori Spelling, Andy Richter, Natasha Lyonne and Chris Elliott.

The film parodied The Haunting, The Exorcist, The Amityville Horror and more. 

The third film - Scary Movie 3 - was released on October 24, 2003, with Anna and Regina returning, alongside Charlie Sheen, Simone Rex, Leslie Nielson, Queen Latifah, Pamela Anderson, Kevin Hart and more.

Scary Movie 4 dropped on April 14, 2006, with Anna, Regina, Leslie, Carmen, and also Molly Shannon, Bull Pullman and more.

Scary Movie 4 dropped on April 14, 2006, with Anna, Regina, Leslie, Carmen, and also Molly Shannon, Bull Pullman and more

Scary Movie 5 debuted April 12, 2013. starring Simon, Heather Locklear, Katrina Bowden, Erica Ash and Ashley Tisdale.

Keenen directed Scary 1 and 2, with David Zucker directing 3 and 4, and Malcolm D. Lee directing the fifth film. 

• New 'Scary Movie' in the Works at Paramount