Beverly Hills Cop 4 heads to Netflix
Staff Reporter | On 15, Nov 2019
Beverly Hills Cop 4 is heading to Netflix.
The action comedy franchise, which stars Eddie Murphy as fast-talking detective Axel Foley, began way back in 1985, grossing $316 million at the box office. While two sequels were spawned, a fourth outing for the detective has taken much longer to come to life, with the movie in development for years at Paramount.
Now, Deadline reports that Paramount are teaming up with Netflix to make it happen, with a one-time licence deal for the picture.
The agreement marks a growing trend among traditional studios to work with Netflix, the scourge of exhibitors. Paramount and Netflix, in particular, are no strangers: the streamed acquired Cloverfield: God Particle, before surprise-releasing it last year after the Super Bowl. It also nabbed the international rights for Alex Garland’s Annihilation, which it released in the UK 17 days after its US cinema release. Netflix also worked with New Line on a similar basis to release a long-gestating Shaft reboot. Indeed, with sequels such as Doctor Sleep and The Terminator: Dark Fate struggling to meet the box office benchmarks of their predecessors, Netflix presents a way to ensure the studio doesn’t lose out in the long-run and gives Netflix a high-profile star with a noted star to woo subscribers.
The streamer will work with Murphy and producer Jerry Bruckheimer to develop a script and fund the project, before releasing it on the VOD platform.
The deal arrives just as Netflix and Eddie Murphy are riding the wave of Dolemite Is My Name’s success. The comedy biopic sees Murphy play Rudy Ray Moore, with our review praising the film for “practically resurrecting the career of Eddie Murphy… who has very much regained his mojo”.
Netflix’s deal with Paramount also includes the option for a sequel.