LeBron James is taking his talents to Hollywood -- and not just for NBA All-Star Weekend.

The Hollywood Reporter revealed on Tuesday that James' SpringHill Entertainment production company will produce a new installment of the popular House Party film franchise. The Cleveland Cavaliers megastar, however, insists that his latest project won't be a mere remake, but rather a fresh take on the 90s classic.

“This is definitely not a reboot. It’s an entirely new look for a classic movie,” James told The Hollywood Reporter. “Everyone I grew up with loved House Party. To partner with this creative team to bring a new House Party to a new generation is unbelievable.”

Released in 1990, the original House Party starred the hip-hop duo Kid 'n Play and was considered both a critical and box office success. The franchise eventually spawned two sequels: House Party 2 in 1991 and House Party 3 in 1994, as well as two additional direct-to-home installments.

Stephen Glover and Jamal Olori of the FX hit Atlanta have already been tabbed to write the screenplay.

For SpringHill Entertainment -- which was founded by James and his friend business partner, Maverick Carter -- the House Party relaunch will mark the Warner Bros.-based company's first narrative feature. SpringHill has previously produced the Starz series Survivor's Remorse, as well as a number of docuseries' and game shows, including NBC's The Wall.

But while SpringHill is now venturing to the big screen, Carter insists that the long-rumored Space Jam reboot is still "a ways off." Nevertheless, Tuesday's announcement remains nothing but an encouraging sign for James' budding Hollywood career -- especially for fans excited for some '90s nostalgia.