Interesting; I had never heard of the earlier film(s).
Judging from most of the user comments at Amazon, one *could* hold out hope that over the course of 40 years, someone has figured out a way to do this more effectively. Is it likely to be the "first-timer", as mentioned in the linked article? History would say "no", right? How many first time directors knock it out of the park (on their first try)? Maybe "Fruitvale Station"?
I think there was also another movie that did this: He Said, She Said - I think I'm remembering that correctly. I just love that these kids think they're ideas are completely original