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Phoenix666 writes in with an article from Arstechnica:

Long regarded as a tentpole of modern science fiction, Hyperion starts out as a sci-fi take on The Canterbury Tales, featuring a main cast of seven characters brought together on a pilgrimage to the dwelling of an inscrutable killing machine called "The Shrike." The book is the first in a loose series, being followed by its direct sequel Fall of Hyperion, and then two other books set hundreds of years later, Endymion and Rise of Endymion. The series is collectively referred to as "The Hyperion Cantos."

"Set on the eve of Armageddon with the entire galaxy at war, Hyperion is the story of seven pilgrims who set forth on a voyage to seek the answers to the unsolved riddles of their lives," reads the press release. "Each carries a desperate hope and a terrible secret—while one may hold the fate of humanity in his hands."

The adaptation will be produced by American Sniper’s Bradley Cooper, who according to Screenrant cowrote a spec script for the project back in 2011. Joining Cooper as executive producers will be Graham King (Argo, The Departed) and Todd Phillips (The Hangover). Boardwalk Empire writer Itamar Moses will be penning the script.