Morgan Creek Productions is selling the rights to over 70 movies including Ace Ventura: Pet Detective and The Exorcist.
If you are a big fan of reboots, then we have good news for you. According to reports, Morgan Creek productions is getting ready to sell the rights to their entire film library. That means, major movie studios have the chance to remake Ace Ventura, Exorcist and Major League.
According to Deadline, Morgan Creek Productions has hired an investment banking firm to sell the rights to their 78 films which includes Jim Carrey’s Ace Ventura: Pet Detective, True Romance, The Last of the Mohicans, Robin Hood: Prince of Thieves, The Exorcist and many more.
From Deadline.com:
As part of any sale, Morgan Creek would retain remake rights for five titles — Ace Ventura: Pet Detective, Major League, Young Guns,Flying Tigers and The Exorcist — but pay a percentage of the gross profit to the new owner of the library. The company will also retain TV rights.
Ultimately, Morgan Creek Productions is trying to start fresh and create new and original content.
The company is completely debt-free. Hence, the money that comes from sale of the library will go back into its film production fund. “I’m selling the library strictly for economic reasons,” Morgan Creek CEO Jim Robinson told Deadline. “It will go back into the company to fund more production. We have a number of properties that we are looking to move forward on.” Hmmm, could a remake of Major League and Ace be in the works? “Yes,” said Robinson, who said that ideas are being tossed right now for both those and The Exorcist.
Currently, Morgan Creek Productions is now working on the upcoming Tupac biopic, and will center on the rapper’s great rise to fame.
