Bruckheimer will executive produce the new version while director Paul Schrader is on board as an executive consultant, according to the Hollywood Reporter.
"With its signature noir aesthetic, American Gigolo has remained a deeply entertaining, psychological thriller and I'm thrilled to partner with (Paramount CEO) Brad (Grey) and (Paramount TV president) Amy (Powell) on remaking it into a television series," Bruckheimer said.
The film starred Gere as the highest paid gigolo in LA who gets framed in a woman's murder.
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