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Genuinely, could they do that? Would there be any legal or logistical obstacles?
Not a lawyer but I don't see any legal obstacles as long as they only use the footage and nothing else from the original film. Put a different name on it too.
Morally though, it's funny but also a complete cash-grab.
Everyone that earned money from the first release would earn money on a new release.
But wouldn't the new release be a unique entity, so therefore it'd be no different than if it was another film?
If it's the same movie, everyone that's credited on it is still credited on it.
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