What is the point of remakes?

[Smovies]

Originally Posted by Lee A Stewart

As with all movies made, loving to hating is subjective. One man's junk is another man's treasure.

I do ask the question of . . . with so many great books out there that have never been made into movies, why this desire by Hollywood to produce remakes? Their prosperity is a mixed bag of successes and total failures.

They have too many financial analysts who are risk averse and not enough vision to give new stories the life they deserve.