AMBI Pictures has announced plans to produce and finance a remake of Christopher Nolan’s iconic 2000 film Memento.

The news comes two months after the company, helmed by Andrea Iervolino and Monika Bacardi, acquired a majority stake in Exclusive Media Group‘s film library. The acquisition meant that AMBI now hold the remake rights to Memento, as well as other titles in EMG’s catalogue which include Cruel Intentions, Donnie Darko, End of Watch and Ides of March.

The greenlight for the film comes one week after AMBI announced that it had partnered with New York private equity firm Raven Capital Management LLC to launch a $200 million film fund. The Memento remake will be made through this fund.

The original Memento was released in 2000 and stars Guy Pearce as he tries to track down the man who murdered his wife.

Currently in AMBI’s slate are family animation Arctic Justice: Thunder Squad, James Franco’s In Dubious Battle and animated feature Groove Tails.