Chan's "Phoenix" arises in Hollywood

Cast member Jackie Chan attends a photocall to introduce his film 'Rob-B-Hood' at the Venice Film Festival September 8, 2006. [Reuters]

Jackie Chan's production company has sold the remake rights for the action-comedy "Enter the Phoenix" to a producer of "The Bourne Ultimatum."

The 2004 Cantonese-language original was directed and co-written by its star, Stephen Fung. The plot centers on the gay son of a boss whose dying wish is that he take over the family business. Chan was one of the producers.

Hollywood remakes of Asian films are hot, with such properties as "The Grudge" and "The Ring" storming the box office. Earlier this year "The Departed," Martin Scorsese's remake of Hong Kong box office winner "Infernal Affairs," won four Oscars, including best picture and director.

Andrew Tennenbaum will produce the remake, according to a statement from his L.A.-based Flashpoint Entertainment.

"This is my first Asian film remake and I couldn't be more excited," said Tennenbaum, who also helped make "The Bourne Supremacy." He said he was meeting with writers and directors to create the adaptation.