There are some film characters who are so indelibly linked to the actors who created them that it is almost impossible for someone else to take it over. One case is Peter Sellers as Inspector Clouseau in the long running Pink Panther franchise that consisted of eleven films. Sellers acted in five of them that were the most successful. Other efforts, even with extremely good actors like Alan Arkin, Roger Moore, and Steve Martin fared abysmally.
Now I read that the Naked Gun series is being considered for a reboot and I think it will suffer from the same problem. The late, great, Leslie Nielsen owned the role of Lieutenant Frank Drebin and I think that his replacement Ed Helms, a good comedian in his own right, will fail to fill his shoes. There was something about the deadpan lunacy of Nielsen that made his character unique.
I don’t know why studios do this. It is true that the franchise name has some drawing power but that cuts both ways. It will draw the same audiences who loved the original but they will be always comparing the new with the original and find it wanting.
They should simply create a new franchise around a new star. But that requires original thinking and that is hard work. Meanwhile here are clips of the original masters, Sellers and Nielsen. They were great.