Universal Pictures
Christian Holub
February 10, 2017 AT 03:04 PM EST

Universal is introducing a new generation to an iconic gangster.

The studio announced Friday that its previously untitled event film scheduled for 2018 is, in fact, a reboot of Scarface. The gangster film was first brought to the screen in 1932 by Howard Hawks (based on the 1930 novel of the same name), and then famously remade by Brian De Palma in 1983. The latest version of Scarface will be written by Joel and Ethan Coen.

No casting or director choices have been announced yet, but the new Scarface will be produced by Marc Shmuger Scott Stuber, Dylan Clark, and Martin Bregman, who also produced the 1983 iteration. The new Scarface is currently set for release on Aug. 10, 2018.

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