'The Addams Family' is reportedly returning to TV.

Tim Burton

Tim Burton

The classic 1960s horror show is set to be rebooted, with Tim Burton in line to direct and executive produce and 'Smallville' creators Aldred Gough and Miles Millar on board as headwriters, showrunners and executive producers.

According to Deadline, multiple broadcasters, including Netflix, are bidding for the live-action production, which is being financed by MGM TV.

Sources told the outlet that the new series would be set in present times and will be told from the perspective of Wednesday Addams on how the world looks like to her in 2020.

The beloved characters of Gomez and Morticia Addams, their children Wednesday and Pugsley, Uncle Fester, Grandmama, butler Lurch and Cousin Itt, first began as a New Yorker comic strip in the late 1930s and was adapted into an ABC sitcom, starring John Astin and Caolyn Jones, in 1964, running for two years.

Since then, there have been two animated adaptations and another live action show, 'The New Addams Family', which broadcast in 1998.

In 1991, an 'Addams Family' movie - which starred Raul Julia, Anjelica Huston, Christopher Lloyd, Christina Ricci, and Jimmy Workman - grossed almost $200 million at the box office and was followed two years later by sequel 'Addams Family Values'.

Last year, 'The Addams Family' animated film grossed $203 million worldwide against a budget of just $24 million, and a sequel is scheduled for release next year.