SyFy has been reinventing things with mixed success. They have 'Battlestar Galactica', their gold standard, but they also have 'Flash Gordon' and numerous other bombs. They've also had mini-series based on classic tales like 'The Wizard of Oz' and 'Alice in Wonderland'. Now, they're going to even older stories by creating a television movie franchise based on classic fairy tales. One benefit of this idea is that nobody is owed any creator fees as most fairy tales are in the public domain.

Of course, much like their previous mini-series such as 'Tin Man' and 'Alice', these stories will have a modern, adult spin. For example, 'Hansel and Gretel' will now become a revenge flick. 'Little Red Riding Hood' could very well turn into a copy of 'Buffy the Vampire Slayer' where Red hunts down werewolves.

This idea might work, and some of the movies might even become backdoor pilots if done well enough (despite the limited budget of each). Of course, this concept has already sort of been done with DC Comics' 'Fables' series, but using that directly would involve paying for rights.