Back in April, I told you that that Don Cornelius had announced that he had canceled the Soul Train Awards leading to my speculating that this was the last stop on the franchise’s line.  However Cornelius, creator of famed TV series for the past 37 years, has announced that he has sold the property to MadVision Entertainment, a multimedia company.

Don Cornelius

MadVision specializes in “branded urban content and production” which plans to “preserve the show’s legacy and expand the brand for the generations to come” according to Kenard Gibbs, MadVision co-founder.

Under the deal, Cornelius agrees to sell the rights to “Soul Train’s” weekly series, including more than 1,100 hours of archival footage. Although no specifics have been announced, MadVision has hinted that it may bring back the show with a fresh look.  New episodes haven’t aired in 3 years. No terms of the deal have been announced.

“The ‘Soul Train’ legacy and brand are of the utmost importance to me and to ‘Soul Train’s’ millions of fans,” Cornelius told the Hollywood Reporter. “After years of offers, I feel the time is now finally right to pass the torch. The MadVision team understands and respects my vision.”