Why is MTV remaking The Rocky Horror Picture Show?

[SzczerbiakManiac]

Looks like it's not gonna happen.

MTV Nixes 'Rocky Horror' Remake
Project was to be produced by Lou Adler, BermanBraun
By Daniel Frankel
Nobody's doing the Time Warp again, after all.

MTV has scuttled earlier-announced plans to do a made-for-cable remake of the 1975 cult musical-horror classic "The Rocky Horror Picture Show."

While not specifying a reason for why the project was killed, a spokeswoman for the Viacom-owned cable channel said the movie has been off the network’s development slate for some time.

A rep for Fox TV Studios, which was to be a co-producer of the film, said the decision to not go forward was made months ago.

MTV generated the expected amount of fanfare when it announced the remake last fall.

Lou Adler, producer of the original motion picture, was to exec produce the updated version in partnership with BermanBraun.