The $12m title is in pre-production and comes at a time when Universal Pictures and Nu Image/Millennium are also lining up projects based on the Greek deity.
Hollywood Storm wrapped production recently on the thriller Magic Man starring Nevsky, Billy Zane, Estelle Raskin, Bai Ling and Armand Assante.
Nevsky's previous action film Treasure Raiders was a theatrical hit in Russia last spring and will be released in the US through Maverick Entertainment.
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