Apparently, Hollywood even wants to cash in on the terrible parts of your childhood. You can bet I’ll be following this story very closely…
Sony Pictures CEO, Michael Lynton tells Hillel Italie of the Associated Press that a Xanadu remake/sequel “is imminent!” Weeks after negotiating a deal with MGM/MCA, the currently struggling studio responsible for the original 1980 box office disaster, Sony leaked its plans to re-launch the title with a whole new hyper-stylized approach.
On Thursday afternoon, Sony’s Co-President of Theatrical Marketing Valerie Van Galder vaguely fielded a question regarding Lynton’s remark on Terry Gross’ Pop Culture Radio Show (Fresh Air) on KSOU:
“Since its underwhelming release, the title has garnered an undeniable cult following. Combine that with what we are able to visually achieve nowadays, and you have a potential lucrative franchise. We’ve already seen several outlines and we believe we have a strong script in the works.”
Later in the segment, Terry Gross mentioned that Peter Schink (Legion, Gotham Cafe) is rumored to be penning the script.
Xanadu originally starred Olivia Newton John, Michael Beck, and Gene Kelly. The film barely broke even at the box office. However, the film received many “Razzie” nominations. Director Robert Greenwald, had the honor of walking away with the very first ever Razzie in the category of Worst Director.
- Won: Razzie Award for Worst Director (Robert Greenwald)
- Nominated: Worst Picture
- Nominated: Razzie Award for Worst Screenplay
- Nominated: Worst Actor (Michael Beck)
- Nominated: Razzie Award for Worst Actress (Olivia Newton-John)
- Nominated: Razzie Award for Worst “Original” Song (“Suspended in Time”)
- Nominated: Worst “Musical” of Our First 25 Years