Joel Schumacher developing remake of A Star Is Born

Out director Joel Schumacher is developing a new version of A Star Is Born and may possibly direct it himself, according to The Hollywood Reporter. There have been discussions with Will Smith about playing one of the lead roles. The tale of an up-and-coming actress who falls in love with a famous actor, only to eclipse him, has been filmed previously in 1937 (with Janet Gaynor and Fredric March), 1954 (with Judy Garland and James Mason, directed by gay filmmaker George Cukor), and 1976 (with Barbra Streisand and Kris Kristofferson playing rock singers instead of actors).