Once you’ve already taken a film franchise both to space and to the hood, there aren’t really any other ways left that you can keep it going other than to bite the bullet and opt for a full reboot. So that’s what Lionsgate is doing with their Leprechaun films. Because heaven forbid we live in a world without more Leprechaun. Lionsgate isn’t just going to be attacking this project alone, however. In order to give us a new take on a little green Irish demon who is murderous in the protection of his gold they’re teaming up with Vince McMahon and his World Wrestling Entertainment.

WWE Films started out as a division of the pro wrestling company meant to produce wide release features for its wrestling talent, but after the luke warm responses for films like The Marine and See No Evil, they’re regrouping and changing up their game plan a bit.

Under the guidance of new WWE Films head Michael Luisi, the company will focus more on purchasing festival films, co-producing with other production houses, and developing straight-to-video franchises. Leprechaun is meant to be the beginning of an extended partnership with Lionsgate, who has already done one-time deals with WWE to bring us unforgettable classics like the aforementioned See No Evil and the Stone Cold Steve Austin starring The Condemned.

There isn’t yet any word on whether or not they’ll be approaching the original Leprechaun actor Warwick Davis to reprise his role or if they’ll be going after WWE’s own resident leprechaun Hornswaggle to fill his diminutive, patent leather shoes; but whichever way they decide to go, the possibilities are endless. Maybe they can both star as Leprechaun and son. Do Leprechauns reproduce? [Variety]

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