MGM is backing a remake of the 1980s musical Fame with producer Mark Canton (300) and Lakeshore Entertainment. The $25 million remake is slated for a summer 2008 release. MGM says it has a writer and director for the project, but has not revealed who they are. Casting is not yet underway. The original starred Irene Cara and Debbie Allen and launched a TV series and stage show. MGM says the remake will be an updated version, but retain many of the musical elements and songs from the original.