Mike Myers has struck a deal with Dreamworks in which the actor will insert himself, other actors and new plots into existing films to create new properties, says Variety.
The process being referred to as "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.
"Film sampling is an exciting way to put an original spin on existing films and allow audiences to see old movies in a new light," Myers said. "Rap artists have been doing this for years with music, and now we are able to take that same concept and apply it to film."
Myers and the studio already have several films in mind but would not disclose them, as no deals have yet been inked.
DreamWorks Steven Spielberg and Jeffrey Katzenberg will help to develop the first project, and 'Austin Powers' franchise helmer Jay Roach is on board to direct.