As a movie? That's.......interesting. I'd rather we just get season 4 of the game show instead. Now we get to potentially see Hollywood turn gold into shit, like they always do. 
The wording from the Nick Executive via the Vanity article makes me feel like they are trying to get the kids of today into the LOTHT "world", and then if it succeeds (ratings wise and response) they will restore it into something else, or the "classic" 90's game.
Take a look at the wording and tell me if you feel the same way:
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The goal, she said, is to turn viewers into fans, who want to keep talking about shows even after an episode ends. “Once you can convert a viewer into a fan, you can have an ongoing conversation with them,”.
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This is why it's really important the TV Movie is good and captivates the audience.
A bad movie: No Season 4, and the show's reputation is severely tampered with, and the LOTHT book is fully shut.
A good movie: Kids, Adults and all in between are interested, and we end the LOTHT saga with a potential re-boot of our favorite show. I'd much rather see the show end in the classic game show that I grew up loving than the movie...