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From worstpreviews, MGM released an announcement, promoting a former Vice Chairman of Worldwide Production for Universal Pictures to a Chairperson at the studio. In the same announcement, MGM mentions some of the franchises that will continue on the big screen, including "The Outer Limits" and "Robocop."

"MGM is planning an exciting fall and winter release schedule. In partnership with Sony Pictures Entertainment, MGM will bring new installments of two of its tentpole franchises -- the new James Bond movie Quantum of Solace and Steve Martin in Pink Panther 2. MGM will also release United Artists' international thriller Valkyrie, starring Tom Cruise on October 3. With the appointment of Parent, MGM will enter its new phase of evolution by focusing on its major movie franchises highlighted by James Bond and Pink Panther sequels, The Hobbit, Thomas Crown Affair 2, The Outer Limits, Robocop, Death Wish and Fame, among others."

We've previously heard some rumors about a potential rejuvenation of the "Robocop" franchise, but since it has already made into an MGM announcement, it has clearly reached the in-talks stage. Whether this will be a continuation, a remake or a re-imagining is yet to be known. Stay tuned.