I remain unconvinced that we will ever see a Beverly Hills Cop 4. Beverly Hills Cop 3 came out in 1994 and made just $42 million in the U.S. against a $50 million budget. It was also terrible, although that last part has never stopped a studio from making further sequels before. Still it’s more than 20 years since we saw Axel Foley patrolling the streets of Beverly Hills. Wouldn’t he be retired by now?
Well, this isn’t entirely surprising. Last year, Paramount announced a formal release date for Beverly Hills Cop 4, the first new installment in the franchise since 1994's Beverly Hills Cop 3. But then Eddie Murphy got to talking about it, and talking about it some more — most notably with Rolling Stone back in January, when he said he wasn’t doing the sequel…not without a good script, anyway. And Paramount apparently agrees, as they’ve taken Beverly Hills Cop 4 off their release schedule.
We've been hearing buzz about some of Paramount's major plans for a while now, but the studio finally confirmed their 2016 release line-up recently at CineEurope (the European version of CinemaCon, a major theater convention), and included on the list are lots of sequels, like 'Beverly Hills Cop 4,' 'Transformers 5,' and -- wait, what's this? -- 'Paranormal Activity 5,' which has been bumped back once again.