It’s known as one of Hollywood’s biggest box office bombs and isn’t an obvious choice to make into a television series, but Syfy is viewing it as an "underexploited piece of intellectual property," reports Jeff Bercovici at Forbes.com.
That property is "Waterworld," the 1995 Kevin Costner film that reportedly cost $235 million, making it the most expensive movie ever at the time, the story notes. That record was later overtaken by "Titanic," a huge worldwide hit, while "Waterworld" only escaped losing money through home video sales.
Every time the network airs "Waterworld," it draws a healthy viewership, with 400,000 people tuning in for the most recent broadcast, the piece notes.
A series based on the movie is something that has been "talked about endlessly" and remains a possibility, according to Dave Howe, the president of Syfy.