On the one hand, it’s about time. On the other hand, I’m surprised Hollywood made the move. Mike Myers Samples Unusual Film Deal explains:
Mike Myers has inked an unusual production deal with DreamWorks in which the actor will insert himself, other actors and new plots into existing films to create new properties.The studio is calling the process “film sampling,” similar to the music business practice in which an artist takes part of an existing song and works it into his own tune, sometimes with new lyrics and music.
[...]
The idea isn’t new; Woody Allen created new dialogue for a Japanese film and released it as “What’s Up, Tiger Lily?” in 1966. More recently, commercials have altered old movie footage starring John Wayne, Humphrey Bogart and Fred Astaire to promote beer, soda and vacuum cleaners.
They didn’t mention Wooden Allen’s Zelig or Steve Martin’s Dead Men Don’t Wear Plaid.