'St. Elmo's Fire' is one of the most iconic movies of the 1980s, helping cement the Brat Pack into cinematic history. On 'Chelsea Lately' (Weeknights, 11PM ET on E!), Emilio Estevez talked about how he almost didn't make the final cut of the film.

The studio came down on director Joel Schumacher, wanting him to cut out the entire storyline involving Estevez. Their problem with him in the film?

"The studio wanted to cut me out of the film because they hated my hair," he said. Didn't they realize it was the 1980s? Nobody had good hair.

Kate Winslet may play the lead in a new miniseries adaptation of 'Mildred Pierce,' to be written and directed by 'Far From Heaven''s Todd Haynes.

Also in the news today: Comedy Central cancels 'Reno 911!,' while TNT schedules the final season of 'Saving Grace.'

See more of today's top TV headlines after the jump.

Get ready for a brand new breed of Brat Pack. Director Joel Schumacher is bringing his iconic oh-so-'80s flick St. Elmo's Fire to TV as an hour-long dramatic comedy. ABC is set to pick up the project, co-produced by Schumacher and actor Topher Grace (That '70s Show). The TV version of St. Elmo's Fire is being prepped as a more dramatic version of Friends, according to its producers. The show will introduce us to a group of six friends (three men and three women) who hang out at the St. Elmo's Bar & Grill in the original film's setting of Georgetown.

The 1985 film helped launch the careers of several young actors, including Rob Lowe, Demi Moore, Andrew McCarthy, Emilio Estevez, Judd Nelson, and Ally Sheedy. Casting will be key to the remake's success.