PARAMOUNT AND NETFLIX STRIKE DEAL TO PRODUCE “BEVERLY HILLS COPS 4” WITH EDDIE MURPHY.
Look out! Axel Foley is coming back! Granted, we have heard he has been coming back for ages now but with the sudden and highly buzzed about return of Eddie Murphy to the limelight, this time it seems more real and tangible According to Deadline, Paramount has struck a one-time licensing deal, with an option for the sequel, to allow Netflix and Jerry Bruckheimer (original producer of the films) to produce the long awaited sequel. This is not the first deal Paramount has struck with the streaming giant, as they licensed out “Cloverfield: The God Particle” and had the offshore rights to distribute Alex Garland's “Annihilation”. My thoughts?
This ia move that just makes sense.Paramount is not in a good place right now. They are in the midst of attempting a merger with Viacom and they are hot off the heels of two box office flops in “Gemini Man” and “Terminator: Dark Fate”. Both of those films are set to lose the studio money when it's all said and done. Netflix seems to have a budding and fruitful relationship with Eddie Murphy as his film “Dolemite is my Name” has been lauded with critical praise. He also announced that he would be making a comeback to the standup stage with a new Netflix special. So this move makes sense to make sure that this movie gets made properly and Paramount can let someone else handle the IP and they can just enjoy the fruits of it. Paramount already has an Eddie Murphy sequel in production right now with “Coming 2 America”. I am hoping that Paramount can turn things around. BHC4 is still in the early stages of production as Bruckheimer and Netflix have to lock down a script and a director but it seems as though it is full steam ahead! What do you guys think? Excited to see Axel Foley back on the streets of LA? Or do you think this sequel is long overdue? Drop a comment and let me know what you think! Thanks for coming to Reggie's Room!