After decades of false starts, and a TV series pilot that didn't get picked up, Beverly Hills Cop 4 is finally a go, at Netflix. According to Deadline, "Paramount has made a one-time license deal — with an option for a sequel — that will enable Netflix to make the fourth installment of the film with Eddie Murphy and producer Jerry Bruckheimer."

The move is unexpected as Paramount has been trying to put together a sequel for quite some time. Even the poor performance of the critically mauled Beverly Hills Cop 3 back in 1994 couldn't deter Paramount from pursuing another sequel. However, just having an IP isn't enough to be sure of a box office hit, a lesson Paramount learned the hard way with Terminator Dark Fate set to lose more than $100 million. The deal with Netflix takes all the financial risk away, and sales of the original trilogy will undoubtedly be a bonus. It remains unclear what the return of Axel Foley will be about, just as long as it isn't set in a theme park.

Murphy recently appeared in the Netflix film Dolemite Is My Name, delivering his best performance in years, Murphy is electric as Rudy Ray Moore and may prove worthy of another Oscar nomination. While it has been more than 25 years since Beverly Hills Cop 3, Eddie Murphy is currently revisiting another of his iconic creations that's been sitting on the shelf even longer.  Paramount's Coming To America (annoyingly titled Coming 2 America) has reunited most of the original cast (including James Earl Jones) for a sequel to the 80s classic. Filming recently wrapped and Coming 2 America is set for a December 18, 2020 release.

Eddie Murphy teased than another jaunt as Foley was close to happening last month and revealed his plans to return to stand up comedy. 

“That’s what we’re doing after Coming To America 2. We’re doing Beverly Hills Cop and then the plan is to get back on stage and do stand-up. That’s what I’ll be doing mostly is stand-up. These movies and Saturday Night Live [Murphy will guest host in December], it’s kind of like… I’m looking at it as a bookend. If I decided I wanted to stay on the couch forever, I ended it on a funny note.”