http://bloody-disgusting.com/news/3362954/theyre-still-remaking-the-exorcist/

Morgan Creek Productions has hired investment banking group Houlihan Lokey to sell domestic rights to its library of 78 films, says Deadline, but they’ll retain remake rights for five titles — Ace Ventura: Pet Detective, Major League, Young Guns, Flying Tigers and The Exorcist.

Yes, a remake of The Exorcist is still in the cards, although it sounds as if there’s zero progress on it (thank God).

It’s been more than 40 years since William Friedkin 1973 The Exorcist terrified audiences. This means that it’s been more than 40 years since we’ve been terrified by a possession film. Ironically, earlier this week Trace put out a “call to action” to make better possession films.

The new owner of the library will land a percentage of the gross profits on the next Exorcist film.

The company is completely debt-free, adds the site. Hence, the money that comes from sale of the library will go back into its film production fund. “I’m selling the library strictly for economic reasons,” Morgan Creek CEO Jim Robinson told the site. “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.”