Paramount provided some big updates on Noah and a couple of Tom Cruise movies when some company brass talked to THR — and those are things I look forward to, in different and separate ways. This, though? Perhaps a little less promising.

President of Paramount Film Group, Adam Goodwin, told the source that Paramount and producer Walter F. Parkes have been working on a microbudget reboot of Gore Verbinski‘s The Ring. (And, I guess, 2005′s The Ring 2. But nobody saw that.) Their reasoning is simple — it’s a series that “really lends itself to this format right now” — but said reasons are not necessarily solid, either. I’d need to have something bigger on our plate before anything can really be said… but count me as hesitant at the moment.

Would you want a reboot of The Ring, especially in a microbudget fashion?