Saw writers bringing Outer Limits to the big screen—but why?

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Dec 14, 2012, 4:31 PM EST

MGM, which can't seem to get a new James Bond film made or rescue The Hobbit from limbo, has decided to move ahead with a big-screen adaptation of the 1960s TV series The Outer Limits instead. But what does that even MEAN?

MGM, which has been in limbo for most of the year and received a sixth extension in mid-July on debt payments from its 140 creditors, hired writers Patrick Melton and Marcus Dunstan, who wrote four of the seven Saw films, to write a feature film based on the ABC series, Variety reported. Setting aside whether Saw sensibilities are the right fit for such a project, we can't quite wrap our brains around what form such an adaptation would take.

The Twilight Zone TV show turned into the 1983 release Twilight Zone: The Movie, made up of three reimaginings of classic episodes plus one original. But could Outer Limits do the same? The anthology format seems played out at the box office, and besides, our favorite Outer Limits episodes—such as Harlan Ellison's "Demon With a Glass Hand"—seem more suited to full-length feature films all their own.

What do you think? Is this a good or a bad idea? And if you do think it should be done, what kind of movie should The Outer Limits be?