This Is of Paramount Importance: Major Studio Getting Back Into the TV Production Business, Announces First Project LA Times' Company Town blog
One of the major studios -- Paramount -- is getting back in the TV production business, according to a number of media reports.
"The Viacom Inc.-owned movie studio announced Monday that it was co-producing and co-financing a one-hour pilot, 'Beverly Hills Cop,' with Sony Pictures Television," writes Meg James in the Los Angeles Times' Company Town blog, adding, as TVWeek previously has reported, "The CBS broadcast network ordered the pilot from Sony, which has taken the lead role developing and producing the project."
The Company Town article continues, "The pilot, which could get a green light to series in May when CBS picks its fall schedule, marks Paramount's return to television after leaving the business in 2006. That's when Paramount's corporate parent split into two separate publicly traded companies: CBS Corp. and Viacom Inc.
"As part of the corporate breakup, CBS took control of the Viacom television assets, including Paramount Television's vast library of shows such as "Frasier" and "Cheers." Paramount then narrowed its focus on feature films. However, Paramount left the door open to future television projects."
Eddie Murphy was the star of the 1984 hit movie version of "Beverly Hills Cop," and the Company Town story says that "Murphy is expected to pop up from time to time on the show, reprising the role of Axel Foley, the impulsive Detroit cop. The proposed series is expected to focus on Foley's son, who follows in his father's career as a police officer in Beverly Hills."