The CW Planning a 'Dynasty' Reboot With 'The O.C.' Producers Josh Schwartz and Stephanie Savage

Pamela Sue Martin, John Forsythe and Linda Evans starred as Fallon,
Blake and Krystle Carrington in the original Dynasty series on ABC.

In a primetime television season that features a new version of MacGyver and a new take on the Lethal Weapon movie franchise, it is not surprising that several other reboots are in the works. On Saturday, 1980s primetime soap opera Dynasty was revealed as The CW's choice to join a growing list that includes Magnum P.I. (ABC), The Lost Boys (The CW), Varsity Blues (CMT), The Departed (Amazon), Let the Right One In (TNT) and L.A. Law (no network yet).

The CW is teaming with The O.C. creators Josh Schwartz and Stephanie Savage to reboot Dynasty, reports The Hollywood Reporter.

The drama, still in development, is based on the soap of the same name that aired for nine seasons on ABC and was created by Richard and Esther Shapiro and executive produced by Aaron Spelling. Both the Shapiros are attached to The CW reboot, which is being penned by Sallie Patrick (Limitless, Revenge), Schwartz and Savage. All three will serve as executive producers. The drama hails from CBS Television Studios and Schwartz and Savage's Fake Empire (The O.C., Gossip Girl). Fake Empire's Lis Rowinski will co-executive produce.

Here's the logline: "The Rolls Royce of all primetime soaps, returns in a modernized reboot that follows two of America's wealthiest families, the Carringtons and the Colbys, as they feud for control over their fortune and their children. The series will be told primarily through the perspectives of two women at odds: Fallon Carrington — daughter of billionaire Blake Carrington — and her soon-to-be stepmother, Cristal — a Hispanic woman marrying into this WASP family and America’s most powerful class. In an age where dynasties appear everywhere — from reality TV to the polling booths — this epic drama features the one percent in all its glitz and gloss, while exposing the dark underbelly: a corrupt world built on backroom deals, betrayal, and, in some cases, murder."