Michael Schur (Brooklyn Nine-Nine) is set to write and executive produce a TV adaptation of Field of Dreams alongside one of the film's original producers, Lawrence Gordon.
According to The Wrap, the TV series will "reimagine the mixture of family, baseball, Iowa and magic that makes the movie so enduring and beloved."
Nominated for three Academy Awards, including Best Picture, the 1989 fantasy drama has long held a special place in the edifice of greatest sports movies in history.
It starred Kevin Costner as Ray Kinsella – an Iowa farmer who builds a baseball field after hearing an elusive voice impart: "If you build it, he will come." Unable to suppress the voice, he sets out to build a baseball field – which in turn attracts legends of baseball's past – including Shoeless Joe Jackson (Ray Liotta).
"Through the years, Field of Dreams has remained a fan favourite, maintaining its rightful position in the zeitgeist," said Lisa Katz, President, NBCUniversal Television and Streaming.
"It's whimsical and grounded, a space where Mike Schur excels, and we're looking forward to bringing a new version of this classic to Peacock."
Costner recently revelled in the sport, having been invited by Major League Baseball to "have a catch" with his son at the Field of Dreams.
Taking to Twitter last week, the actor shared some snaps alongside the caption: "Last week the @MLB gave me a chance to 'have a catch' with my son at the Field of Dreams.
"Joe was just a baby when we made this movie ultimately about the relationship between a father and son. How full circle to share this incredible experience with him. #MLBatFieldOfDreams."
Two days later, he followed up the Twitter post with more snaps from the sporting event: "Another highlight from #MLBatFieldOfDreams—getting to see @DwierBrown, who played my father, John Kinsella, in the film.
"He's brought our movie to life in so many ways over the years. Check out his page for a masterclass in all things Field of Dreams."
"Field of Dreams is an iconic Universal Film title from venerable producers Lawrence and Charles Gordon, that we could only have entrusted to Mike Schur," said Erin Underhill, President of Universal Television.
"His talent, his love for baseball and his reverence for its themes make him the perfect choice to revisit this beloved film that evokes nostalgia and visceral emotion in so many of its fans," Underhill added.
The U.S streamer has not set an air date for the TV adaptation.
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