"The Matrix."
According to The Hollywood Reporter, the studio is in the very early stages of relaunching its landmark franchise that earned over $1 billion worldwide at the box office in the late 1990s and early 2000s - and helped make Keanu Reeves the legend of action movies that he is.
According to the publication, the studio has its eye on "Creed" star Michael B. Jordan to lead the franchise in a reboot.
But a major element from the reboot is currently missing, as the creators of the original films, Lilly and Lana Wachowski, are reportedly not involved.
"The Matrix," released in 1999, follows computer programmer Neo (Reeves) who realizes humanity is living in a simulated reality, and he becomes the hope for its salvation. The movie completely redefined how action movies would be made for the next decade with its incredible CGI and martial arts. Two sequels, "Matrix Reloaded" and "The Matrix Revolutions," didn't live up to the hype of the first movie, but still made major bank at the box office.
The studio hopes to expand "The Matrix" universe, in the vein of what Disney is doing with "Star Wars," and begin making movies focused on elements that were on the fringes of the original franchise, according to THR.
Warner Bros. said it had no comment for this story.