Although he’s currently finishing up post-production on Terminator Salvation and also looking likely direct the sequel, the next project for slick action director McG is going to be a massive special effects vehicle of a different sort. He has just signed on to direct 20,000 Leagues Under the Sea: Captain Nemo for Disney, a movie that they are hoping will be a lucrative adventure film to help fatten their release schedule over the next year or two. Apparently it will not be a direct remake of the 1954 movie per se, but more of an origin story about Captain Nemo creating the Nautilus. Whether or not it will involve a giant squid remains to be seen.

If all goes well, this movie will add another brand to Disney’s stable of successful adventure franchises including Pirates of the Caribbean, The Lone Ranger and Prince of Persia. It also seems strangely similar to the Moby Dick remake that was announced last year, with Timur Bekmambetov in the director’s seat. Can McG update this classic tale and make it a hit with today’s audiences?