Eddie Murphy is set to return to the role of Axel Foley in a fourth Beverly Hills Cop movie after Netflix secured the rights in a pact with original studio Paramount.
The two companies have struck a one-time deal with the option for a sequel, according to Deadline.
This arrangement allows Murphy and producer Jerry Bruckheimer to return to the franchise, 25 years after the release of Beverly Hills Cop III in 1994.
It’s not the first time Netflix and Paramount have worked together, with the streamer handling the worldwide distribution for sci-fi Annihilation and acquiring stealth sequel The Cloverfield Paradox in 2018.
The deal continues Murphy’s relationship with Netflix, which has already yielded the comedy biopic Dolemite Is My Name, securing the star some of the best reviews of his career.
The Beverly Hlls Cop series started in 1984 and follows Murphy as Detroit cop Axel Foley, who travels to California in order to investigate the murder of his friend.