In an item that further proves the number of market-approved stories is dwindling by the day, both ABC and FOX are gearing up to do new versions of the 1960s time-travel show, TIME TUNNEL.
It seems ABC has bought the rights to the original book by William Jenkins on which TIME TUNNEL was based, while FOX still owns the rights to the actual 1966-67 series version created by Irwin Allen.
There is a lot of legal mumbo-jumbo involved, but it looks like even though the book was the basis for the series, it seems both companies have the rights for their individual projects... which are based on the one book. Of course, both sides have lawyers which don't agree.
More as this comes, but FOX is going through the motions to bring TIME TUNNEL to their network as a show based on the original series, while ABC is currently scripting a television movie based on the book.
We'll let you know how this shakes out.