Western remakes are the new gritty reboot. With The Magnificent Seven poised to hit theaters next weekend, Relativity Media has just announced that they’ve acquired the rights to High Noon, 1952’s multiple Oscar-winning film and one of the most iconic westerns of all time.

According to The Hollywood Reporter, the High Noon remake will be set in the modern day along the cartel-controlled U.S.-Mexico border. The original High Noon told the story of a retiring sheriff who learns that a local criminal has been released from prison and is coming back for revenge. The film won four Academy Awards, including Best Editing, Best Score, Best Song, and Best Actor for Gary Cooper, and was nominated for Best Picture.

Relativity’s new president Dana Brunetti negotiated for the rights directly with Karen Kramer, widow of the film’s producer Stanley Kramer, who will also be producing the remake. Of the film, Brunetti said:

High Noon is one of the most iconic films of all time. I’m honored to be a part of modernizing this timeless story and bringing it to a new generation.

Karen Kramer is also excited about remaking the film for modern audiences.

Stanley’s signature films were about social justice, in one form or another. And in High Noon, he even struck an early blow for the empowerment of women. We are delighted to be making this picture with Relativity.

High Noon does not currently have a director or a release date, but news of that can’t be too far behind.