MGM is going to need to find someone else to gain the production rights though. According to the Hollywood Reporter and the Daily Variety, New Line bought the copyright from producer Saul Zantz (sp?) to produce the film while MGM has the rights to distribute the film. MGM looks to be pretty smart, they know that the fans are loyal to PJ and Fran and if they do the movies, the fans will follow without question. New Line just doesn't want to give PJ and Fran the money from the lawsuit.