Honestly, that guy is an idiot. EVERY Hollywood movie is made this way, has been for years. A production company is created to make the movie. That company will exist ONLY for as long as it takes to make and release the film. On paper, that company will carry all the expenses of the movie but get none of the profits (those go to the studio). If you let them draw up a contract that includes a percentage of this cut, you will of course get zero. But why would you do this, unless you know nothing about Hollywood and don't bother getting any advice??
Anyway, call me cynical, but I feel like the movie industry is getting sucked into an endless cycle of remakes and reboots. Looking forward to "Ultimate Spiderman" in a couple of years (it will be darker, edgier and possibly starring Justin Bieber!).