According to Deadline, DiCaprio's production company Appian Way and Biel's company, Iron Ocean Films, are in talks to work with Sony Pictures Television to reboot the beloved sitcom The Facts of Life.
The Facts of Life, a spinoff from Diff'rent Strokes, ran for nine seasons on NBC. The series followed a group of girls at a boarding school who were looked after by Mrs. Garrett (Charlotte Rae). As the ladies grew the show shifted settings, at one point having them run a bakery and then a tchotchke store. In addition to Rae, the cast of The Facts of Life included Kim Fields, Mindy Cohn, Cloris Leachman, Lisa Whelchel, Nancy McKeon and at various points Molly Ringwald, George Clooney and even Pamela Adlon.