Tis the season for Hollywood to destroy cult classics and popular films from the 80s. A Beverly Hill Cop sequel is in the works, Robocop remake is confirmed, and a Point Break sequel is rumored. Today MTV announced they will be doing a remake of the 1975 cult classic THE ROCKY HORROR PICTURE SHOW.

Lou Adler, the original executive producer, teamed up with Fox Television Studios to take on the remake. Adler stated, “I’d like to see it shown a year from this coming Halloween, but that’s up to MTV.”

They will be sticking to the original screenplay, but the upgrade may include new music not from the original. No release date has be confirmed.

Source Variety

It looks like Tim Burton and Disney have finally discovered their Alice for the big-budget screen adaptation of Lewis Caroll’s Alice’s Adventures in Wonderland after a long search. They are in final talks with regular on HBO’s In Treatment and Australian actress Mia Wasikowska.

Linda Woolverton is writing the script for the film, which will be produced by Burton’s longtime contributor Richard Zanuck, former Disney chairman Joe Roth, and Jennifer and Suzanne Todd. The film will be overseen by Disney creative executive Jason Reed.

Principal photography on Alice in Wonderland is scheduled to begin in November. It will be filmed using performance-capture and live-action footage.

For those of you who live under a rock of some sort, the classic novel that centers around young Alice, who one sunny afternoon follows a White Rabbit, who disappears down a nearby rabbit hole. Quickly following him, she tumbles into the burrow - and enters the merry, topsy-turvy world of Wonderland, which is comprised of bizarre characters like The Mad Hatter, a cheshire cat, two twins named Tweedledee and Tweedledum, a smoking caterpillar, the Queen of Hearts, and her army of cards.

Source: SciFiWire

A few years back, some footage was shown at ShoWest of 3-D transformation test runs for Star Wars - Episode IV (the source believes) and it was said that the results were “breathtaking.” Star Wars 3-D projects were recently mentioned again in an announcement by In-Three, which was the company who put together the footage for ShoWest.

Well, it looks like it’s really happening now. DreamWorks Animations CEO Jeffrey Katzenberg stated on Tuesday that George Lucas is indeed moving forward on transferring all six of the Star Wars episodes into the 3-D format. He stated that Lucas has the technical resources to pull it off and is very excited about it. Katzenberg had this to say about the project:

“He isn’t going to put a product out, I think, that isn’t anything other than first rate.”

Source: Coming Soon

Cinematic legend Sir Ian McKellen has confirmed that he is once again going to be playing the wizard Gandalf in Guillermo Del Toro’s adaptation of The Hobbit. Although he hasn’t formally signed the contract on the dotted line, he seems to be very happy with the idea of returning to the world of Middle Earth. He had this to say about reprising his role and working with a new director:

“Well, I haven’t had the contract yet but it’s everyone’s intention that I play Gandalf so yes, I will be returning to the role. Although it’s not until 2010, I’m very much excited about returning…if you’re not going to have Peter Jackson, who else can handle the job? To get an international film-maker of his (del Toro) standing who adores the original trilogy, well I don’t think you could possibly find a better replacement. I think the look will be very much as it was, Weta is still involved, it’s still the same workshops, the same designers, I’ll be there, Andy Serkis (now confirmed to return as Gollum) will be there and Peter Jackson will still be around - not that he’ll interfere too much - so it’ll seem like the old family is getting back together again.”

Source: Empire

New Line has taken it’s first step toward bringing Freddy Krueger back to the big-screen. Veteran scriptwriter Wesley Strick (Arachnophobia, Cape Fear, Mission: Impossible 2) has been hired by the the Warner Bros division to pen the reboot of A Nightmare on Elm Street.

Wes Craven wrote and directed the original, which was released in 1984. The film introduced Freddy Krueger (played by Robert Englund), who became one of the most popular villains in movie history. It’s unexpected success created a franchise that helped turn New Line into a serious industry player in the mid-1980s.

The original movie revolved around Krueger, a serial child killer murdered who returns with a burned face and razor glove to terrorize teens in their dreams.

The new version will keep the setting in high school, but will have more of a dark tone and deal with Krueger and the psychology of nightmares a little deeper. The plan is to have the film ready for the 25th Anniversary of the original.

The company is being overseen by Richard Brener, Walter Hamada, and Dave Neustadter.

Source: The Hollywood Reporter

There is a rumor floating around that Tom Cruise and partners are tossing around the idea of a sequel to the 80’s classic Top Gun. According to “insiders” (whatever that means), here’s the general concept of the sequel:

“The idea is Maverick is at the Top Gun school as an instructor — and this time it is he who has to deal with a cocky new female pilot.”

I have to say that I agree with Merrick over at Ain’t It Cool News - this would be a really cool husband / wife vehicle for Cruise and Katie Holmes. She could play the cocky new female pilot. Here’s to hoping Tony Scott will come back to direct it. They should release it on a double bill with Beverly Hills Cop 4 and Flashdance: The Next Generation.

Source: The UK Sun