No, April Fool’s Day hasn’t come early; remakes of the above films and more are indeed in the works from Morgan Creek Films (the studio responsible for releases like The Last of the Mohicans and Robin Hood: Prince of Thieves) as they start selling of their library of films in order to finance these. Also on the way are new versions of Major League and Flying Tigers.

Regardless of what deals they end up making, their plans is to keep the rights to these five properties so they can remake them, with Ace Ventura: Pet Detective, The Exorcist, and Young Guns the main priorities. Bringing these properties back to the big screen is certainly an interesting move, and one which could pay off for them in a major way if done well.

Morgan Creek has no debt, and that’s why CEO Jim Robinson has said money for the sale would fund future productions. “We have a number of properties that we are looking to move forward on,” he confirmed, adding that they’re already in discussions about the three films listed above. Whether they would be full on reboots or sequels/prequels is obviously unclear.

The problem with this plan is that The Exorcist is a classic which any remake is sure to come under fire for attempting to imitate (just look at what happened to Poltergeist), while Ace Ventura for example is something 90% of actors would no doubt pass on in fear of being unable to recapture the magic found by Jim Carrey. As for the rest, who really wants those?