A "Dark Crystal" remake?

[Lincoln6Echo]

So I clicked on the Hobbit: 5 Armies link over on the right for Hot Sellers, and one of the other suggested titles by users was the 1982 film Dark Crystal. And it got me thinking...would a modern live-action remake of Dark Crystal in the vein of Hobbit/LotR work for today's audiences? Would there be an audience for it at all? I'm thinking that if they could expand the story a bit to go into prequel material from the original movie to show how the Crystal got splintered and split the two races and then go a bit beyond where the original film ended and see how things developed after the Crystal was fixed. The original film was just 1.5 hours long, so maybe a 2.5 hour film might catch it all. But just think how they could create the foreign planet and environments with today's VFX as well as the creatures.