MGM has been interested in bringing The Outer Limits to the big screen for some time now.  The last time we heard any movement on the development front was almost four years ago when the studio was still in the thick of their financial issues.  Now, it sounds like Scott Derrickson and his Sinister co-writer C. Robert Cargill will tackle the script for the big-screen adaptation of the 1960s sci-fi television series.  Derrickson, who recently won the director's chair for Marvel's Doctor Strange, is a self-professed longtime fan of the series.  Hit the jump for more on The Outer Limits and the writing duo's plan of attack.

As Heat Vision reports, Derrickson and Cargill will tackle the script for The Outer Limits, specifically targeting one of the series episodes for the adaptation. Written by Harlan Ellison, the episode titled "Demon with the Glass Hand" will serve as the focus for their feature treatment.  It centers on a man with no memory beyond the last ten days who is being hunted by an alien race.  To make things even stranger, the man has a computerized hand and determines that he's actually from the future.  Derrickson and Cargill will incorporate time travel, alien invasion and genetic manipulation into their story.  Hopefully the project finds a new audience and kicks off a series of The Outer Limits films, as MGM would surely love to build a franchise around the property.

Derrickson more or less confirmed the news via his Twitter account:

Derrickson, whose had his name all over the movie-news sites lately, also recently co-wrote and directed Deliver Us from Evil, which stars Edgar Ramirez, Eric Bana, and Olivia Munn, and opens July 2nd.

Watch the episode of The Outer Limits "Demon with a Glass Hand" below: