Brooke Bunny
Morgan Creek Pictures is selling their library of 78 titles.
According to Deadline, the production company behind such classics as “Ace Ventura, Pet Detective” and “Major League” has Houlihan Lokey out trying to offload the domestic rights to their titles.
As part of the deal, Morgan Creek would retain the remake rights to five of those titles ”Ace Ventura: Pet Detective”, ”Major League”, ”Young Guns”, ”Flying Tigers” and ”The Exorcist”. The company would also retain the TV rights.
“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.”
Robinson confirmed that remakes of the baseball comedy “Major League” (at one stage set to spawn a third sequel with the original cast returning), horror classic “The Exorcist” and “Ace Ventura” are in the works.
Morgan Creek are currently producing the Tupac biopic.
