Over 20 years after the release of Deep Blue Sea, director Renny Harlin is headed back into shark-infested waters with the upcoming Deep Water, Variety reports this afternoon.

Renny Harlin’s Deep Water will be the first project from a new production company launched by Gene Simmons (KISS) and Gary Hamilton, titled Simmons/Hamilton Prods.

Variety reports, “The standalone banner will produce 25 movies over an initial five-year period, with a focus on action, thriller and genre titles with global franchise potential.”

Deep Water tells the tale of an eclectic group of international passengers whose plane, en route from Los Angeles to Shanghai, is forced to make an emergency landing in shark-infested waters. The terrified group is forced to work together and overcome their differences if they hope to escape their sinking plane and the frenzy of sharks drawn to the wreckage.

The shark attack film is produced by Simmons, Hamilton, Arclight Films’ Ying Ye and Rob Van Norden. Arclight Films is launching worldwide sales at the Cannes market.

“I’ve had my greatest success when working with planes or sharks,” said Harlin. “Getting to combine those two of my favorite thriller elements in a character-driven action adventure is a dream come true. I can’t wait to take the audience on the scariest plane ride of their lives. Gene and Gary both are my old friends and I’m excited to rock ’n’ roll through the friendly skies with them.”

Simmons added, “Throughout my storied history in the music business, I’ve met all sorts of characters, but Gary Hamilton is the real deal! He’s a remarkable film executive and a great collaborator who, along with the fantastic team at Arclight Films, brings his expertise and outstanding knowledge of the film industry to this partnership. I am pumped and excited to be launching Deep Water as our first project together with the action maven Renny Harlin at the helm.”

Hamilton said, “This exciting new partnership is a beautiful marriage of outstanding production and sales might coupled with a colorful history of showmanship and shrewd business acumen. Gene is not only a talented musician and performer, but he’s also a very savvy businessman and one of the most formidable cinephiles I’ve ever met — he’s the perfect partner as we introduce Deep Water to our buyers in Cannes.”

Renny Harlin’s directorial credits also include A Nightmare on Elm Street 4: The Dream Master, Die Hard 2, Cliffhanger, The Long Kiss Goodnight, and Exorcist: The Beginning.