James Cameron Prepares for "The Dive"

Filmmaker James Cameron is set to go back underwater with "The Dive." Cameron will direct the movie, which is based on the true love story of two divers, Francisco Pipin Ferreras and Audrey Mestre.

Screenwriter Dana Stevens ("Life or Something Like It") has been hired to work on the script to "The Dive," with Cameron producing the movie along with his partners Jon Landau and Rae Sanchini. According to The Hollywood Reporter, James Cameron purchased the rights to Francisco Ferreras' life story as well as a story from Sports Illustrated on Ferreras.

SOURCE: The Hollywood Reporter