By Esther Zuckerman
Updated October 13, 2014 at 07:36 PM EDT
Credit: Lewis Jacobs/NBC

The dynamic Good Will Hunting duo of Ben Affleck and Matt Damon are once again teaming up: Affleck and Damon’s Pearl Street Films is developing Incorporated for Syfy along with CBS Television Studios, Syfy announced.

The “espionage thriller,” which is set to be written by David and Alex Pastor, takes place in a futuristic world where corporations appear to have limitless power. Per a press release, Incorporated “will be the story of one man’s efforts to beat the system.” Affleck and Damon will executive produce with Jennifer Todd and Ted Humphrey, who will also serve as showrunner.

The Hollywood Reporter first reported the news. Affleck and Damon are also executive producing a revival of Project Greenlight for HBO.