Universal Pictures and Morgan Creek Productions will co-finance "The Thing," the companies announced on Monday.
The horror film will be co-distributed internationally by the two companies.
Under the pact, Universal retains the bulk of the film's worldwide distribution rights. Morgan Creek will distribute through its network of partners in the territories it retains — none of which were revealed in the announcement.
Universal currently distributes all of Morgan Creek’s productions in the United States.
The film is being billed as a prequel to the John Carpenter cult classic.