With all the craziness of reboots and remakes in Hollywood we feared this day might come. Universal may be planning a re-make of the 1975 Spielberg classic, Jaws. With the added popularity of Avatar’s 3D, there’s serious money to be made in a CGI reboot of the famous shark, presented in Real D 3D.

A source of ours over at Universal Pictures says the studio is strongly considering a remake of the summer blockbuster in hopes of dazzling younger audiences with new special effects. Their claim is that people now expect more, visually, from their movie going experience. So, Hollywood studios are inclined to take some of their tried and true franchise names like Jaws and bring them into the 3D world.

Our insider says Tracy Morgan was at one point being considered for the part of Matt Hooper, previously played by Richard Dreyfuss. While it’s uncertain whether that’s still the plan, it does indicate that they seem to be taking a more comedic direction with the part.

This is just a rumor, from a source we’ve spoken with, but never used before. We're working on some sort of official confirmation. In the meantime file this under gossip which, let’s face it, isn't hard to believe. Universal already busted out a few laughable Jaws sequels in the 80’s. They even tried their hand at a 3-D version of the shark with 1983’s Jaws 3-D. It only makes sense to come back to the idea now that they have the technology to do it right.