Netflix has acquired the rights to produce the long-in-development Beverly Hills Cop 4 with Eddie Murphy attached to reprise his role as Axel Foley, the street-smart Detroit cop.
Deadline reports Paramount has made a one-time licensing deal with Netflix to distribute the fourth instalment of the Beverly Hills Cop franchise, with the option for one additional sequel after that.
Beverly Hills Cop 4 has been stuck in development hell for several years, with an earlier production reportedly suffering setbacks and a separate spinoff series failing to ever get off the ground. However, this new pact means that Murphy and producer Jerry Bruckheimer can finally move forward with their plans.
