There was no need.
The original was popular and became a pop icon. Why was that not enough? You were the hottest thing for a few months. People need to move on, and pick up on new fads. Unfortunatly, this will still do well because little kids don't realise what "selling out" or "expiration date." Things that are popular once will be less likely to be popular the second time around.
I did notice a high production value in this movie, making it more "exciting." This is un-nessisary and kind of a waste. Again the first was popular because of the lack of effort. But even the original, you found it nessisary to change. There is and was not need for that.
I did see that you did put a lot of time, effort, (and probably money) into this one. I try and rate things based on the ammout of effort put in. This is why you get a three of ten. But you did kill it with the fancy green screen use, and graphics.
I hope you take this in to consideration and remember this if you decide to make a new one. I also hope you don't see me as just another hater, I am trying to give advice and tell you why I did not like this one.