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Less Than Zero series coming to Hulu

The show would be based on the novel by Bret Easton Ellis.

Of all the '80s flicks to be reborn as TV series, nobody had put any money on Less Than Zero to make the cut. And yet, that's the news: Hulu is developing a TV series based on the 1987 film that starred Andrew McCarthy, Robert Downey Jr., Jami Gertz and James Spader.

The movie was, of course, originally based on the 1985 novel by the great Bret Easton Ellis, but it scored mixed reviews at best from critics and was met with general disinterest at the box office. The storyline – a drug-infused tale about the decadent teens of Los Angeles in the '80s – was perhaps a bit too ahead of time.

Enter Hulu some 30 years later. The Hollywood Reporter says the reboot will be written by Craig Wright (Lost, Tyrant) with Ellis serving as a co-executive producer. That's a smart move considering the author wasn't a big fan of the '87 movie or its casting.

No word yet on a debut date.