National Lampoon is getting a much needed reboot as entire company and brand. PalmStar plans wants to “buy content and green light movies, TV and other platforms,” with their newly acquired National Lampoon banner operating out of LA and Philadelphia.

As to what those shows, films, web series, etc. might be have yet to be announced, but we’ll be watching closely to see if National Lampoon will regain its former glory or even surpass it.