Now is this a solid story or is it somebody's idea of dream casting?
In all honesty, it sounds like BS - the reason being that it originated in the British press. The press (here) in Britain are legendary for not only fabricating supposed movie news but also entire quotations from so-called "sources". Having said that, the article in The Daily Express does appear to be well researched and they have enough tiny tidbits that imply that it might just be real.
Cruise co-starred with Paul Newman in The Color of Money and the pair shared a passion for race car driving that lasted until Newman's death. It's also pretty well known that Cruise and Travolta are Scientologists and close friends - so it is within the realms of possibility that the stars are working on a film project together. To heighten intrigue, Cruise co-starred with Redford in Lions For Lambs in 2007.
The Daily Express quotes a source which says:
"It has been a pet project of his (Cruise) that has been on the back-burner for years, but now he's ready to go, and will most likely happily eschew the enormous salary that he normally commands."
A source went on to say:
"Butch and Sundance is a labour of love for Tom. He was eight years old when he saw the original and it made an impression that has stayed with him all his life. He can't wait to get to work."
Again, it all sounds like it might be on the level. However, when the newspaper contacted Cruise's spokesman they declined to comment which isn't a denial but it doesn't show that the project is on Cruise's radar either.
When the paper contacted original star Robert Redford his spokesperson said:
"This is news to me but I think he'll be tickled by the idea of Butch and Sundance riding across the screen again."
Again, not a denial, but you would expect Redford to be aware of a remake considering that he named his prestigious film festival after his character in the film.
Butch Cassidy and The Sundance Kid was released in 1969 and grossed an amazing $102 million. A prequel was relased 10 years later titled Butch and Sundance: The Early Days starring William Katt and Tom Berenger which banked a less impressive $5 million.
I'm intrigued by this one, and if there is anymore news on the project Screen Rant will let you know.
Source: The Daily Express