Remakes Of 'Ace Ventura: Pet Detective,' 'The Exorcist,' And 'Major League' In The Works

Business and art often mix as well as oil and water in the world of making movies, and perhaps no statement makes that clearer than this statement by Morgan Creek CEO Jim Robinson to Deadline about the sale of the production company's library of films: "I’m selling the library strictly for economic reasons. 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." Some of those properties he's talking about? Well, they're remakes. 

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Morgan Creek will hang on to the rights of five of their library titles —"Ace Ventura: Pet Detective," "Major League," "Young Guns," "Flying Tigers" and "The Exorcist"— and three are already in the works for redos: the Jim Carrey comedy, the Charlie Sheen baseball flick and William Friedkin's horror classic. That's right, the debt free Morgan Creek is selling...